Kinross Gold Co. (NYSE:KGC) Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP trimmed its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,286,785 shares of the mining company's stock after selling 208,795 shares during the quarter. Invenomic Capital Management LP owned approximately 0.10% of Kinross Gold worth $11,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in shares of Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after purchasing an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its position in shares of Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after buying an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold in the 4th quarter valued at $42,000. Global Retirement Partners LLC grew its position in shares of Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after buying an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after buying an additional 5,140 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Price Performance

KGC stock traded down $0.42 during trading on Wednesday, reaching $13.35. 5,430,590 shares of the company were exchanged, compared to its average volume of 18,040,271. The company has a market cap of $16.42 billion, a P/E ratio of 17.36, a PEG ratio of 0.68 and a beta of 0.64. Kinross Gold Co. has a 52-week low of $7.20 and a 52-week high of $15.96. The stock's 50 day moving average price is $13.28 and its 200 day moving average price is $11.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

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

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, May 29th. Kinross Gold's payout ratio is currently 12.24%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KGC shares. National Bankshares reissued an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. BMO Capital Markets began coverage on shares of Kinross Gold in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Raymond James lifted their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. Finally, National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $13.90.

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.