Kinross Gold Corporation (NYSE:KGC) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. reduced its holdings in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 31.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,037,430 shares of the mining company's stock after selling 472,610 shares during the quarter. Intact Investment Management Inc. owned approximately 0.08% of Kinross Gold worth $13,072,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of 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 worth $25,000 after buying an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its position 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 worth $40,000 after buying an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Kinross Gold in the 4th quarter worth about $42,000. Global Retirement Partners LLC lifted its position in shares of Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after buying an additional 4,788 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Kinross Gold by 188.6% in the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock worth $71,000 after buying an additional 3,659 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KGC shares. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Royal Bank Of Canada lifted their price objective on shares of Kinross Gold from $14.00 to $19.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Raymond James Financial lifted their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research report on Friday, April 4th. Finally, CIBC reiterated an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $15.40.

Kinross Gold Stock Down 0.5%

Kinross Gold stock opened at $15.45 on Friday. The stock has a market cap of $18.95 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.66 and a beta of 0.63. 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's 50-day moving average price is $14.80 and its two-hundred day moving average price is $12.32. Kinross Gold Corporation has a 52 week low of $7.49 and a 52 week high of $15.96.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data 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 company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. The business's revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. On average, analysts expect that Kinross Gold Corporation will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 29th were given 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 was Thursday, May 29th. Kinross Gold's payout ratio is presently 12.24%.

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.

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