U S Global Investors Inc. Reduces Position in Kinross Gold Co. (NYSE:KGC)

U S Global Investors Inc. lessened its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 50.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,000 shares of the mining company's stock after selling 250,000 shares during the period. U S Global Investors Inc.'s holdings in Kinross Gold were worth $1,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of KGC. US Bancorp DE raised its position in shares of Kinross Gold by 13.6% in the second quarter. US Bancorp DE now owns 16,514 shares of the mining company's stock valued at $79,000 after buying an additional 1,976 shares during the last quarter. Townsquare Capital LLC increased its position in Kinross Gold by 19.1% during the third quarter. Townsquare Capital LLC now owns 14,258 shares of the mining company's stock worth $65,000 after purchasing an additional 2,290 shares during the last quarter. Advisor Partners II LLC increased its position in Kinross Gold by 3.1% during the first quarter. Advisor Partners II LLC now owns 76,554 shares of the mining company's stock worth $361,000 after purchasing an additional 2,305 shares during the last quarter. First Trust Advisors LP increased its position in Kinross Gold by 6.6% during the first quarter. First Trust Advisors LP now owns 38,262 shares of the mining company's stock worth $180,000 after purchasing an additional 2,377 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in Kinross Gold by 19.7% during the first quarter. Neuberger Berman Group LLC now owns 14,458 shares of the mining company's stock worth $85,000 after purchasing an additional 2,383 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Down 2.0 %

NYSE:KGC traded down $0.12 during trading hours on Thursday, reaching $6.29. 15,562,188 shares of the stock were exchanged, compared to its average volume of 13,355,580. Kinross Gold Co. has a twelve month low of $4.32 and a twelve month high of $6.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.63 and a quick ratio of 0.95. The firm has a 50 day moving average of $5.45 and a 200 day moving average of $5.45. The stock has a market cap of $7.72 billion, a PE ratio of 18.49, a PEG ratio of 1.31 and a beta of 1.15.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results on Thursday, February 15th. The mining company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period last year, the business earned $0.09 earnings per share. The firm's revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that Kinross Gold Co. will post 0.33 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Tuesday, March 5th. Kinross Gold's payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

Several brokerages recently commented on KGC. CIBC upped their price target on shares of Kinross Gold from $7.00 to $8.15 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. Jefferies Financial Group assumed coverage on shares of Kinross Gold in a research report on Thursday, February 29th. They set a "hold" rating and a $5.00 price target for the company. TheStreet lowered shares of Kinross Gold from a "b" rating to a "c+" rating in a research report on Friday, February 16th. StockNews.com upgraded shares of Kinross Gold from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, National Bank Financial restated an "outperform overweight" rating on shares of Kinross Gold in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Kinross Gold has an average rating of "Hold" and an average target price of $6.05.

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.