Kinross Gold Corporation $KGC Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 6.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,179,328 shares of the mining company's stock after selling 209,317 shares during the period. Charles Schwab Investment Management Inc. owned about 0.26% of Kinross Gold worth $40,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KGC. Vanguard Group Inc. raised its position in shares of Kinross Gold by 1.2% in the first quarter. Vanguard Group Inc. now owns 47,926,769 shares of the mining company's stock worth $603,829,000 after acquiring an additional 561,563 shares during the period. Mackenzie Financial Corp raised its position in shares of Kinross Gold by 21.2% in the fourth quarter. Mackenzie Financial Corp now owns 13,951,818 shares of the mining company's stock worth $129,435,000 after acquiring an additional 2,438,445 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Kinross Gold by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,419,382 shares of the mining company's stock worth $87,310,000 after acquiring an additional 160,755 shares during the period. Man Group plc raised its position in shares of Kinross Gold by 174.2% in the fourth quarter. Man Group plc now owns 9,243,267 shares of the mining company's stock worth $85,685,000 after acquiring an additional 5,871,904 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of Kinross Gold by 35.5% in the first quarter. Allianz Asset Management GmbH now owns 6,947,056 shares of the mining company's stock worth $87,510,000 after acquiring an additional 1,819,165 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KGC has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on shares of Kinross Gold from $14.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Raymond James Financial raised shares of Kinross Gold to a "hold" rating and set a $15.00 target price for the company in a research note on Monday, June 30th. Canaccord Genuity Group boosted their target price on shares of Kinross Gold from $28.00 to $29.50 and gave the stock a "buy" rating in a research note on Thursday, August 7th. CIBC boosted their target price on shares of Kinross Gold from $21.00 to $22.00 and gave the stock an "outperformer" rating in a research note on Friday, August 1st. Finally, National Bankshares reissued an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $20.07.

Kinross Gold Price Performance

NYSE KGC traded up $0.2460 during trading hours on Friday, hitting $19.7560. 3,437,032 shares of the company's stock traded hands, compared to its average volume of 20,740,959. Kinross Gold Corporation has a 52-week low of $8.31 and a 52-week high of $19.72. The company has a market capitalization of $24.01 billion, a PE ratio of 15.96, a PEG ratio of 0.64 and a beta of 0.55. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.84 and a quick ratio of 1.45. The firm's 50-day moving average is $16.56 and its 200-day moving average is $14.33.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data on Wednesday, July 30th. The mining company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.11. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the prior year, the company earned $0.14 EPS. Kinross Gold's revenue was up 41.7% compared to the same quarter last year. Equities analysts forecast that Kinross Gold Corporation will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Kinross Gold's dividend payout ratio is currently 9.68%.

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.