Vident Advisory LLC Decreases Position in Kinross Gold Corporation $KGC

Key Points

• Vident Advisory LLC reduced its stake in Kinross Gold Corporation by 14.6%, holding 265,755 shares after selling 45,535 shares during the first quarter.
• Kinross Gold recently announced a $0.03 quarterly dividend, leading to an annualized dividend yield of 0.6% and a payout ratio of 9.68%.
• Analysts have set an average target price of $20.07 for Kinross Gold, with several raising their ratings; the stock currently holds a consensus rating of "Buy."

Vident Advisory LLC decreased its position in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 14.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 265,755 shares of the mining company's stock after selling 45,535 shares during the period. Vident Advisory LLC's holdings in Kinross Gold were worth $3,349,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KGC. Capital Investment Advisors LLC increased its stake in Kinross Gold by 3.1% during the 1st quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company's stock valued at $351,000 after purchasing an additional 850 shares in the last quarter. Cresset Asset Management LLC increased its position in Kinross Gold by 3.0% during the first quarter. Cresset Asset Management LLC now owns 34,714 shares of the mining company's stock valued at $438,000 after acquiring an additional 1,013 shares during the last quarter. S.A. Mason LLC increased its position in 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 acquiring an additional 1,250 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in Kinross Gold by 12.5% during the first quarter. OneDigital Investment Advisors LLC now owns 11,273 shares of the mining company's stock valued at $142,000 after acquiring an additional 1,250 shares during the last quarter. Finally, R Squared Ltd increased its position in Kinross Gold by 11.1% during the first quarter. R Squared Ltd now owns 17,080 shares of the mining company's stock valued at $215,000 after acquiring an additional 1,710 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Price Performance

Kinross Gold stock traded up $0.38 during midday trading on Wednesday, reaching $21.84. 21,262,913 shares of the stock traded hands, compared to its average volume of 16,619,133. The stock's fifty day moving average is $17.46 and its 200-day moving average is $14.87. Kinross Gold Corporation has a 12 month low of $8.31 and a 12 month high of $21.97. The stock has a market cap of $26.54 billion, a P/E ratio of 17.61, a PEG ratio of 0.69 and a beta of 0.62. The company has a quick ratio of 1.45, a current ratio of 2.84 and a debt-to-equity ratio of 0.16.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Wednesday, July 30th. The mining company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.11. Kinross Gold had a return on equity of 20.04% and a net margin of 25.18%.The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted $0.14 earnings per share. The company's quarterly revenue was up 41.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. Kinross Gold's dividend payout ratio is 9.68%.

Analyst Ratings Changes

A number of analysts recently commented on KGC shares. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, June 24th. Canaccord Genuity Group boosted their price target on Kinross Gold from $28.00 to $29.50 and gave the company a "buy" rating in a report on Thursday, August 7th. UBS Group started coverage on Kinross Gold in a report on Monday, August 4th. They set a "buy" rating and a $20.00 price target for the company. Jefferies Financial Group raised Kinross Gold from a "hold" rating to a "buy" rating and upped their price objective for the stock from $14.00 to $18.00 in a research note on Thursday, June 26th. Finally, Raymond James Financial raised Kinross Gold to a "hold" rating and set a $15.00 price objective for the company in a research note on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Kinross Gold currently has an average rating of "Moderate Buy" and a consensus target price of $20.07.

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.