PDT Partners LLC Lowers Position in Kinross Gold Co. (NYSE:KGC)

PDT Partners LLC reduced its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 41.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,254 shares of the mining company's stock after selling 46,000 shares during the quarter. PDT Partners LLC's holdings in Kinross Gold were worth $614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after buying an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised 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 worth $40,000 after purchasing an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Kinross Gold in the 4th quarter worth about $42,000. Global Retirement Partners LLC grew its position in 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 purchasing an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after purchasing an additional 5,140 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KGC. Raymond James upped their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday, April 4th. CIBC lifted their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank reiterated an "outperform" rating on shares of Kinross Gold in a research note on Monday, April 14th. Finally, StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Two investment 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. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $13.30.

Kinross Gold Stock Performance

Shares of KGC stock traded down $0.14 during mid-day trading on Friday, reaching $14.07. 15,352,890 shares of the company's stock traded hands, compared to its average volume of 17,875,433. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The firm has a market capitalization of $17.31 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. Kinross Gold Co. has a 12 month low of $6.67 and a 12 month high of $15.46. The firm has a 50 day moving average price of $12.76 and a two-hundred day moving average price of $11.17.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results 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 return on equity of 12.65% and a net margin of 18.43%. On average, research analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.85%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's dividend payout ratio is currently 15.58%.

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.