Kinross Gold Co. (NYSE:KGC) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 61.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,569 shares of the mining company's stock after selling 196,742 shares during the period. Ameriprise Financial Inc.'s holdings in Kinross Gold were worth $1,287,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in 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 purchasing an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after buying an additional 1,002 shares during the period. SBI Securities Co. Ltd. acquired a new position in Kinross Gold during the 4th quarter worth about $42,000. Global Retirement Partners LLC grew its position in Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after acquiring an additional 4,788 shares in the last quarter. Finally, Valley National Advisers Inc. purchased a new stake in Kinross Gold during the fourth quarter worth about $92,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Trading Up 0.4%

Shares of NYSE KGC traded up $0.07 on Wednesday, reaching $15.59. 2,212,842 shares of the company traded hands, compared to its average volume of 18,429,170. The stock has a market capitalization of $19.12 billion, a PE ratio of 20.19, a P/E/G ratio of 0.68 and a beta of 0.64. Kinross Gold Co. has a fifty-two week low of $7.20 and a fifty-two week high of $15.96. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $14.09 and a 200 day moving average of $11.84.

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 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The company's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. On average, equities research analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

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 dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is 12.24%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on KGC shares. Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Raymond James increased their price objective on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. National Bankshares restated an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. Finally, Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $14.50.

Kinross Gold 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.