Kinross Gold Co. (NYSE:KGC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 855,799 shares of the mining company's stock after selling 154,937 shares during the quarter. Wellington Management Group LLP owned 0.07% of Kinross Gold worth $7,944,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Van ECK Associates Corp increased its stake in shares of Kinross Gold by 62.2% during the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock valued at $1,078,330,000 after buying an additional 44,610,091 shares during the period. Vanguard Group Inc. grew its stake 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 purchasing an additional 763,248 shares during the last quarter. Renaissance Technologies LLC grew its stake 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 purchasing an additional 3,224,455 shares during the last quarter. Norges Bank purchased a new position in Kinross Gold in the fourth quarter valued at about $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Kinross Gold by 10.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock valued at $136,028,000 after purchasing an additional 1,398,225 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Price Performance

Shares of Kinross Gold stock traded down $0.36 on Friday, reaching $15.10. The company's stock had a trading volume of 22,388,556 shares, compared to its average volume of 18,541,658. The company has a market capitalization of $18.52 billion, a P/E ratio of 19.61, a PEG ratio of 0.68 and a beta of 0.63. Kinross Gold Co. has a 52-week low of $7.20 and a 52-week high of $15.96. The stock has a 50-day moving average price of $14.26 and a 200-day moving average price of $11.94. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

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

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Thursday, May 29th. Kinross Gold's payout ratio is 12.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KGC shares. Scotiabank lifted their target price on Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. CIBC restated an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, May 13th. Finally, BMO Capital Markets began coverage on Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $15.40.

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.