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 stake in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 60.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Capital Investment Advisors LLC lifted its position in shares of Kinross Gold by 3.1% during the first quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company's stock valued at $351,000 after purchasing an additional 850 shares in the last quarter. Signaturefd LLC increased its stake in Kinross Gold by 2.2% in the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock valued at $381,000 after buying an additional 865 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after buying an additional 1,002 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Kinross Gold by 2.4% in the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock worth $423,000 after buying an additional 1,079 shares during the last quarter. Finally, S.A. Mason LLC grew its holdings in shares of Kinross Gold by 6.0% in the first quarter. S.A. Mason LLC now owns 22,250 shares of the mining company's stock valued at $281,000 after acquiring an additional 1,250 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Stock Performance

KGC stock traded up $0.20 during midday trading on Monday, reaching $16.06. 13,855,656 shares of the company's stock traded hands, compared to its average volume of 18,774,260. The stock's 50-day moving average is $14.97 and its 200 day moving average is $12.76. The stock has a market cap of $19.70 billion, a P/E ratio of 16.39, a PEG ratio of 0.65 and a beta of 0.63. Kinross Gold Corporation has a 52-week low of $7.84 and a 52-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.

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

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 29th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, May 29th. Kinross Gold's dividend payout ratio is 12.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KGC. Wall Street Zen upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James Financial raised shares of Kinross Gold to a "hold" rating and set a $15.00 price target on the stock in a report on Monday, June 30th. BMO Capital Markets assumed coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They set an "outperform" rating for the company. Finally, CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Two investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $17.00.

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.