Kinross Gold Corporation (NYSE:KGC) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its holdings in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 7.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,103,332 shares of the mining company's stock after selling 89,368 shares during the quarter. Vontobel Holding Ltd. owned 0.09% of Kinross Gold worth $13,903,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Kinross Gold in the fourth quarter valued at approximately $280,697,000. Renaissance Technologies LLC boosted its stake in shares of 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 purchasing an additional 3,224,455 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Kinross Gold by 8.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 237,612 shares of the mining company's stock valued at $2,204,000 after purchasing an additional 18,135 shares during the period. Amundi boosted its stake in shares of Kinross Gold by 9.3% in the fourth quarter. Amundi now owns 5,794,489 shares of the mining company's stock valued at $53,715,000 after purchasing an additional 492,611 shares during the period. Finally, Trexquant Investment LP boosted its stake in shares of Kinross Gold by 144.6% in the fourth quarter. Trexquant Investment LP now owns 2,023,864 shares of the mining company's stock valued at $18,761,000 after purchasing an additional 1,196,355 shares during the period. Hedge funds and other institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Up 1.7%

NYSE:KGC traded up $0.27 during midday trading on Friday, hitting $15.84. 12,114,985 shares of the company were exchanged, compared to its average volume of 18,793,998. Kinross Gold Corporation has a fifty-two week low of $7.84 and a fifty-two week high of $16.04. The company has a market capitalization of $19.43 billion, a PE ratio of 16.16, a price-to-earnings-growth 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 fifty day simple moving average of $14.97 and a 200 day simple moving average of $12.71.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued 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 analyst estimates of $1.43 billion. Kinross Gold had a return on equity of 15.63% and a net margin of 21.74%. The business's quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share. As a group, equities analysts anticipate that Kinross Gold Corporation will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors 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 dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 29th. Kinross Gold's dividend payout ratio is currently 12.24%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KGC shares. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Raymond James Financial upgraded shares of Kinross Gold to a "hold" rating and set a $15.00 price target for the company in a research note on Monday, June 30th. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $17.00.

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.