BNP Paribas Financial Markets Sells 1,045,002 Shares of Kinross Gold Co. (NYSE:KGC)

BNP Paribas Financial Markets decreased its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 80.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 259,593 shares of the mining company's stock after selling 1,045,002 shares during the period. BNP Paribas Financial Markets' holdings in Kinross Gold were worth $2,406,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after acquiring an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its position in Kinross Gold by 30.4% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after acquiring an additional 1,002 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Kinross Gold during the 4th quarter valued at approximately $42,000. Global Retirement Partners LLC increased its stake in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after purchasing an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after purchasing an additional 5,140 shares during the period. Institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Performance

Shares of Kinross Gold stock traded down $0.07 during trading hours on Thursday, reaching $14.57. The company had a trading volume of 4,134,035 shares, compared to its average volume of 18,238,492. The firm has a market cap of $17.93 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.68 and a beta of 0.64. Kinross Gold Co. has a one year low of $7.20 and a one year high of $15.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The business has a fifty day simple moving average of $13.61 and a 200 day simple moving average of $11.51.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The firm's quarterly revenue was up 38.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, May 29th. Kinross Gold's payout ratio is 12.24%.

Analyst Ratings Changes

Several brokerages have weighed in on KGC. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Raymond James lifted their price objective on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a report on Friday, April 4th. BMO Capital Markets assumed coverage on Kinross Gold in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. Finally, National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $14.50.

Kinross Gold Company Profile

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.