Jump Financial LLC Reduces Stake in Kinross Gold Co. (NYSE:KGC)

Jump Financial LLC trimmed its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 82.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 204,410 shares of the mining company's stock after selling 942,021 shares during the quarter. Jump Financial LLC's holdings in Kinross Gold were worth $1,895,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in KGC. Jones Financial Companies Lllp grew its holdings in shares of Kinross Gold by 109.3% in the fourth 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 stake in shares of 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 worth $40,000 after purchasing an additional 1,002 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Kinross Gold during the 4th quarter worth $42,000. Global Retirement Partners LLC lifted its holdings in shares of Kinross Gold by 747.0% in the fourth 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 in the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after purchasing an additional 5,140 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KGC shares. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. BMO Capital Markets initiated coverage on Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $13.30.

Kinross Gold Stock Performance

Shares of Kinross Gold stock traded up $0.20 during trading on Thursday, hitting $14.55. 10,329,707 shares of the stock were exchanged, compared to its average volume of 17,771,007. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. Kinross Gold Co. has a 1-year low of $6.42 and a 1-year high of $15.46. The company has a fifty day moving average price of $12.30 and a 200-day moving average price of $10.92.

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

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.82%. 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.