Kinross Gold Co. (NYSE:KGC) Stock Position Trimmed by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC cut its stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,584,211 shares of the mining company's stock after selling 160,074 shares during the period. Kinross Gold comprises approximately 2.0% of Euro Pacific Asset Management LLC's portfolio, making the stock its 24th largest position. Euro Pacific Asset Management LLC owned approximately 0.13% of Kinross Gold worth $9,549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp raised its holdings in shares of Kinross Gold by 13.3% in the fourth quarter. Mackenzie Financial Corp now owns 10,593,655 shares of the mining company's stock valued at $64,151,000 after buying an additional 1,239,966 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Kinross Gold by 63.4% in the fourth quarter. Vontobel Holding Ltd. now owns 1,180,000 shares of the mining company's stock valued at $7,142,000 after buying an additional 458,000 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Kinross Gold by 4.6% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,846,537 shares of the mining company's stock valued at $17,285,000 after buying an additional 124,055 shares during the last quarter. Triasima Portfolio Management inc. raised its holdings in shares of Kinross Gold by 110.4% in the fourth quarter. Triasima Portfolio Management inc. now owns 4,885,850 shares of the mining company's stock valued at $29,627,000 after buying an additional 2,563,850 shares during the last quarter. Finally, Sapient Capital LLC purchased a new stake in shares of Kinross Gold in the fourth quarter valued at about $374,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KGC has been the subject of a number of research reports. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Kinross Gold in a report on Monday, April 8th. TheStreet cut shares of Kinross Gold from a "b" rating to a "c+" rating in a report on Friday, February 16th. Jefferies Financial Group began coverage on shares of Kinross Gold in a report on Thursday, February 29th. They set a "hold" rating and a $5.00 price target for the company. StockNews.com raised shares of Kinross Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 2nd. Finally, CIBC increased their price target on shares of Kinross Gold from $7.00 to $8.15 and gave the stock an "outperform" rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $6.28.

Kinross Gold Price Performance

KGC traded up $0.08 on Thursday, hitting $6.51. 16,420,249 shares of the company were exchanged, compared to its average volume of 14,186,881. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.95 and a current ratio of 2.63. The business's fifty day moving average is $5.61 and its 200 day moving average is $5.55. Kinross Gold Co. has a fifty-two week low of $4.32 and a fifty-two week high of $6.81. The firm has a market capitalization of $7.99 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings results on Thursday, February 15th. The mining company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.04 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 earnings per share. As a group, sell-side analysts anticipate that Kinross Gold Co. will post 0.36 EPS for the current year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.84%. Kinross Gold's dividend payout ratio is presently 35.29%.

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.