Maryland State Retirement & Pension System Sells 154,921 Shares of Kinross Gold Co. (NYSE:KGC)

Maryland State Retirement & Pension System cut its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 19.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 639,051 shares of the mining company's stock after selling 154,921 shares during the quarter. Maryland State Retirement & Pension System owned 0.05% of Kinross Gold worth $3,870,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of KGC. Vanguard Group Inc. lifted its position in Kinross Gold by 1.1% in the third quarter. Vanguard Group Inc. now owns 44,404,283 shares of the mining company's stock valued at $202,484,000 after purchasing an additional 463,035 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Kinross Gold by 23.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 947,037 shares of the mining company's stock valued at $5,707,000 after purchasing an additional 179,933 shares during the period. Wellington Management Group LLP increased its holdings in Kinross Gold by 975.2% in the third quarter. Wellington Management Group LLP now owns 555,458 shares of the mining company's stock valued at $2,543,000 after buying an additional 503,799 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in 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 in the last quarter. Finally, American Century Companies Inc. increased its holdings in Kinross Gold by 24.9% in the third quarter. American Century Companies Inc. now owns 8,046,094 shares of the mining company's stock valued at $36,680,000 after buying an additional 1,603,951 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Kinross Gold in a report on Monday, April 8th. StockNews.com raised shares of Kinross Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 2nd. Jefferies Financial Group increased their target price on shares of Kinross Gold from $5.00 to $6.00 and gave the company a "hold" rating in a report on Monday, April 22nd. CIBC increased their target price on shares of Kinross Gold from $7.00 to $8.15 and gave the company an "outperform" rating in a report on Wednesday, February 7th. Finally, TheStreet cut shares of Kinross Gold from a "b" rating to a "c+" rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $6.44.

Kinross Gold Trading Up 0.4 %

KGC stock traded up $0.03 during midday trading on Tuesday, hitting $6.78. The stock had a trading volume of 11,081,068 shares, compared to its average volume of 14,532,021. The firm has a market cap of $8.32 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.63 and a quick ratio of 0.95. Kinross Gold Co. has a 12-month low of $4.32 and a 12-month high of $6.87. The company's 50-day moving average price is $6.06 and its 200 day moving average price is $5.73.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results on Thursday, February 15th. The mining company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.04 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. Kinross Gold's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. On average, equities research analysts predict that Kinross Gold Co. will post 0.4 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.77%. Kinross Gold's dividend payout ratio (DPR) is presently 35.29%.

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.