First Trust Advisors LP Sells 38,205 Shares of Kinross Gold Co. (NYSE:KGC)

First Trust Advisors LP decreased its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,285,192 shares of the mining company's stock after selling 38,205 shares during the period. First Trust Advisors LP owned approximately 0.10% of Kinross Gold worth $11,916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Van ECK Associates Corp grew its holdings 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 worth $1,078,330,000 after purchasing an additional 44,610,091 shares in the last quarter. Vanguard Group Inc. lifted its position in Kinross Gold by 1.6% during 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 4th quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock worth $304,633,000 after buying an additional 3,224,455 shares in the last quarter. Norges Bank bought a new position in shares of Kinross Gold in the 4th quarter worth $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Kinross Gold by 10.5% during the 4th 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 buying an additional 1,398,225 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Kinross Gold Trading Down 3.8 %

KGC traded down $0.57 during trading on Thursday, hitting $14.20. 19,761,476 shares of the stock traded hands, compared to its average volume of 17,838,837. The firm has a 50-day moving average of $12.63 and a 200 day moving average of $11.10. Kinross Gold Co. has a 12-month low of $6.42 and a 12-month high of $15.46. The firm has a market capitalization of $17.47 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. Equities research analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.85%. Kinross Gold's dividend payout ratio (DPR) is presently 15.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Scotiabank reissued an "outperform" rating on shares of Kinross Gold in a research note on Monday, April 14th. Raymond James raised their price objective on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. BMO Capital Markets assumed coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $13.30.

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.