Generali Investments CEE investicni spolecnost a.s. Sells 28,433 Shares of Kinross Gold Corporation (NYSE:KGC)

Generali Investments CEE investicni spolecnost a.s. cut its holdings in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 60.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,567 shares of the mining company's stock after selling 28,433 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Kinross Gold were worth $234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KGC. Jones Financial Companies Lllp lifted its position in shares of Kinross Gold by 109.3% in the 4th 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 boosted its holdings in Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after acquiring an additional 1,002 shares during the period. SBI Securities Co. Ltd. bought a new stake in Kinross Gold during the fourth quarter valued at about $42,000. Farther Finance Advisors LLC boosted its holdings in Kinross Gold by 188.6% during the first quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock valued at $71,000 after acquiring an additional 3,659 shares during the period. Finally, Bruce G. Allen Investments LLC boosted its holdings in Kinross Gold by 68.6% during the first quarter. Bruce G. Allen Investments LLC now owns 6,295 shares of the mining company's stock valued at $79,000 after acquiring an additional 2,561 shares during the period. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Price Performance

NYSE:KGC traded up $0.18 during mid-day trading on Wednesday, hitting $15.37. The company's stock had a trading volume of 11,289,873 shares, compared to its average volume of 18,772,424. Kinross Gold Corporation has a fifty-two week low of $7.84 and a fifty-two week high of $16.10. The company has a current ratio of 2.83, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $18.86 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 0.64 and a beta of 0.63. The stock has a fifty day moving average of $15.01 and a 200-day moving average of $12.82.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. The company's quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. As a group, equities analysts forecast that Kinross Gold Corporation will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, May 29th. Kinross Gold's payout ratio is 12.24%.

Analyst Upgrades and Downgrades

KGC has been the subject of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They set an "outperform" rating for the company. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Royal Bank Of Canada increased their target price on shares of Kinross Gold from $14.00 to $19.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Finally, Scotiabank increased their target price on shares of Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinross Gold currently has a consensus rating of "Buy" and a consensus price target of $17.00.

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.