Invesco Ltd. Decreases Position in Kinross Gold Co. (NYSE:KGC)

Invesco Ltd. reduced its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,363,790 shares of the mining company's stock after selling 429,469 shares during the period. Invesco Ltd. owned 0.60% of Kinross Gold worth $68,262,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after buying an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after purchasing an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Kinross Gold in the 4th quarter worth approximately $42,000. Global Retirement Partners LLC lifted its holdings in shares of Kinross Gold by 747.0% during 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 period. Finally, Avior Wealth Management LLC boosted its stake 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 worth $67,000 after buying an additional 5,140 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KGC has been the topic of several research reports. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James boosted their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research report on Friday, April 4th. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets assumed coverage on Kinross Gold in a report on Wednesday. They set an "outperform" rating for the company. Finally, StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $13.30.

Kinross Gold Stock Down 1.6 %

NYSE:KGC traded down $0.23 during mid-day trading on Friday, reaching $14.80. The company's stock had a trading volume of 19,608,958 shares, compared to its average volume of 17,752,002. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $18.21 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. The stock has a fifty day moving average of $12.11 and a 200-day moving average of $10.82. Kinross Gold Co. has a 1 year low of $6.34 and a 1 year high of $15.34.

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

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's payout ratio is currently 15.58%.

Kinross Gold 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.