Aquatic Capital Management LLC Trims Holdings in Kinross Gold Co. (NYSE:KGC)

Aquatic Capital Management LLC cut its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 575,301 shares of the mining company's stock after selling 156,399 shares during the period. Aquatic Capital Management LLC's holdings in Kinross Gold were worth $5,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Van ECK Associates Corp increased its position in Kinross Gold by 62.2% during the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock valued at $1,078,330,000 after buying an additional 44,610,091 shares in the last quarter. Norges Bank acquired a new stake in Kinross Gold during the 4th quarter worth about $280,697,000. First Eagle Investment Management LLC raised its stake in shares of Kinross Gold by 80.9% during the 4th quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company's stock valued at $116,898,000 after buying an additional 5,639,383 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Kinross Gold by 10.9% in the 4th quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock valued at $304,633,000 after buying an additional 3,224,455 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Kinross Gold by 174.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 3,249,033 shares of the mining company's stock worth $30,141,000 after buying an additional 2,065,693 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

Wall Street Analyst Weigh In

KGC has been the subject of several recent research reports. CIBC lifted their price target on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. Finally, BMO Capital Markets started coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. Two analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $13.30.

Kinross Gold Price Performance

Kinross Gold stock traded down $0.56 during midday trading on Thursday, reaching $14.21. The company had a trading volume of 22,618,506 shares, compared to its average volume of 17,845,191. The company has a market capitalization of $17.48 billion, a P/E ratio of 18.45, a P/E/G ratio of 0.68 and a beta of 1.12. The firm's fifty day simple moving average is $12.63 and its 200-day simple moving average is $11.10. Kinross Gold Co. has a 12-month low of $6.42 and a 12-month high of $15.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. As a group, equities analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold's dividend payout ratio is currently 15.58%.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.