U S Global Investors Inc. Sells 17,614 Shares of Kinross Gold Corporation (NYSE:KGC)

U S Global Investors Inc. lessened its position in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 477,042 shares of the mining company's stock after selling 17,614 shares during the period. Kinross Gold comprises 0.8% of U S Global Investors Inc.'s portfolio, making the stock its 27th largest holding. U S Global Investors Inc.'s holdings in Kinross Gold were worth $6,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Achmea Investment Management B.V. lifted its stake in shares of Kinross Gold by 18.8% in the first quarter. Achmea Investment Management B.V. now owns 1,078,800 shares of the mining company's stock worth $13,589,000 after buying an additional 170,966 shares in the last quarter. Artemis Investment Management LLP raised its holdings in shares of Kinross Gold by 365.8% during the first quarter. Artemis Investment Management LLP now owns 6,876,921 shares of the mining company's stock valued at $86,718,000 after purchasing an additional 5,400,447 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Kinross Gold by 10.0% during the first quarter. Sequoia Financial Advisors LLC now owns 37,056 shares of the mining company's stock valued at $467,000 after purchasing an additional 3,373 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Kinross Gold by 264.7% during the first quarter. Bessemer Group Inc. now owns 155,422 shares of the mining company's stock valued at $1,960,000 after purchasing an additional 112,800 shares during the last quarter. Finally, S.A. Mason LLC raised its holdings in shares of Kinross Gold by 6.0% during the first quarter. S.A. Mason LLC now owns 22,250 shares of the mining company's stock valued at $281,000 after purchasing an additional 1,250 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Down 6.3%

Shares of KGC stock opened at $14.86 on Friday. Kinross Gold Corporation has a 12 month low of $7.84 and a 12 month high of $16.04. The stock has a market cap of $18.22 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.65 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 has a 50 day simple moving average of $14.86 and a two-hundred day simple moving average of $12.51.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its earnings results on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.43 billion. During the same period in the prior year, the company earned $0.10 earnings per share. The firm's revenue was up 38.5% on a year-over-year basis. On average, research analysts expect that Kinross Gold Corporation will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%. Kinross Gold's dividend payout ratio (DPR) is presently 12.24%.

Analyst Upgrades and Downgrades

KGC has been the subject of several research reports. Scotiabank boosted their price objective on shares of Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a report on Thursday, May 8th. Royal Bank Of Canada boosted 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. National Bankshares reissued an "outperform" rating on shares of Kinross Gold in a report on Tuesday. Wall Street Zen raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Finally, Raymond James Financial boosted their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinross Gold has a consensus rating of "Buy" and a consensus target price of $17.00.

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.

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