Vident Advisory LLC Has $2.89 Million Holdings in Kinross Gold Co. (NYSE:KGC)

Vident Advisory LLC reduced its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 311,290 shares of the mining company's stock after selling 22,453 shares during the period. Vident Advisory LLC's holdings in Kinross Gold were worth $2,888,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KGC. Van ECK Associates Corp lifted its holdings in shares of Kinross Gold by 62.2% during the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock worth $1,078,330,000 after acquiring an additional 44,610,091 shares during the period. Vanguard Group Inc. grew its position in Kinross Gold by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock valued at $439,881,000 after acquiring an additional 763,248 shares in the last quarter. Renaissance Technologies LLC grew its position in Kinross Gold by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock valued at $304,633,000 after acquiring an additional 3,224,455 shares in the last quarter. Norges Bank acquired a new stake in shares of Kinross Gold during the fourth quarter worth approximately $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock worth $136,028,000 after buying an additional 1,398,225 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Stock Down 1.2%

NYSE:KGC traded down $0.18 on Tuesday, hitting $14.54. 6,963,739 shares of the company's stock traded hands, compared to its average volume of 21,626,768. The company has a market cap of $17.88 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 0.68 and a beta of 0.64. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 1 year low of $7.20 and a 1 year high of $15.96. The firm has a 50-day moving average price of $13.77 and a 200-day moving average price of $11.62.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company earned $0.10 EPS. The firm's revenue was up 38.5% on a year-over-year basis. Equities analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.12 annualized dividend and a yield of 0.83%. Kinross Gold's dividend payout ratio (DPR) is currently 12.24%.

Analysts Set New Price Targets

A number of equities analysts have commented on KGC shares. CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a report on Tuesday, May 13th. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Raymond James boosted their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 4th. 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. Finally, National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $14.50.

Kinross Gold Company 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.