Triasima Portfolio Management inc. Sells 284,962 Shares of Kinross Gold Corporation (NYSE:KGC)

Triasima Portfolio Management inc. cut its stake in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 19.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,213,632 shares of the mining company's stock after selling 284,962 shares during the period. Kinross Gold accounts for about 3.0% of Triasima Portfolio Management inc.'s portfolio, making the stock its 4th biggest position. Triasima Portfolio Management inc. owned about 0.10% of Kinross Gold worth $15,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after purchasing an additional 1,412 shares in the last quarter. Atria Investments Inc purchased a new stake in Kinross Gold in the fourth quarter valued at about $139,000. Raymond James Financial Inc. purchased a new stake in Kinross Gold during the 4th quarter valued at about $6,842,000. HighTower Advisors LLC acquired a new stake in Kinross Gold during the 4th quarter valued at approximately $114,000. Finally, Natixis Advisors LLC boosted its holdings in shares of Kinross Gold by 40.2% in the 4th quarter. Natixis Advisors LLC now owns 140,431 shares of the mining company's stock valued at $1,302,000 after acquiring an additional 40,250 shares during the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Trading Down 0.8%

Shares of Kinross Gold stock traded down $0.13 during trading hours on Thursday, hitting $15.44. The company's stock had a trading volume of 11,591,996 shares, compared to its average volume of 18,687,555. The stock has a market cap of $18.94 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 0.62 and a beta of 0.63. Kinross Gold Corporation has a twelve month low of $7.84 and a twelve month high of $16.10. The firm has a fifty day moving average of $15.09 and a 200-day moving average of $13.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 2.83.

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 the consensus estimate of $0.22 by $0.08. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company's quarterly revenue was up 38.5% compared to the same quarter last year. Research analysts forecast that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is 12.24%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. CIBC boosted their target price on shares of Kinross Gold from $16.00 to $21.00 and gave the company an "outperformer" rating in a research note on Tuesday. Finally, Royal Bank Of Canada increased their price objective on shares of Kinross Gold from $14.00 to $19.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $18.00.

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.