Kinross Gold Co. (NYSE:KGC) Shares Sold by Jump Financial LLC

Jump Financial LLC cut its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 76.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 287,500 shares of the mining company's stock after selling 936,800 shares during the period. Jump Financial LLC's holdings in Kinross Gold were worth $1,739,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KGC. Bruce G. Allen Investments LLC purchased a new stake in shares of Kinross Gold during the fourth quarter worth about $26,000. Headlands Technologies LLC purchased a new position in shares of Kinross Gold in the fourth quarter valued at approximately $44,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Kinross Gold in the fourth quarter worth approximately $53,000. Cornerstone Wealth Management LLC acquired a new position in Kinross Gold in the 4th quarter valued at $104,000. Finally, SCP Investment LP lifted its holdings in Kinross Gold by 59.3% in the 3rd quarter. SCP Investment LP now owns 18,800 shares of the mining company's stock valued at $86,000 after purchasing an additional 7,000 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Trading Up 0.7 %

Shares of KGC stock traded up $0.06 during trading hours on Wednesday, hitting $7.86. The company had a trading volume of 10,564,870 shares, compared to its average volume of 14,701,672. Kinross Gold Co. has a fifty-two week low of $4.32 and a fifty-two week high of $7.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.45. The company's fifty day moving average is $6.31 and its 200 day moving average is $5.81. The stock has a market capitalization of $9.64 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.90 and a beta of 1.14.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data on Tuesday, May 7th. The mining company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.06 by $0.04. Kinross Gold had a net margin of 9.86% and a return on equity of 9.34%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.07 earnings per share. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. Research analysts expect that Kinross Gold Co. will post 0.49 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.12 annualized dividend and a yield of 1.53%. Kinross Gold's dividend payout ratio (DPR) is 33.33%.

Analyst Upgrades and Downgrades

KGC has been the subject of a number of recent research reports. Scotiabank increased their target price on shares of Kinross Gold from $7.00 to $8.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 9th. National Bank Financial restated an "outperform overweight" rating on shares of Kinross Gold in a report on Monday, April 8th. TheStreet lowered Kinross Gold from a "b" rating to a "c+" rating in a research report on Friday, February 16th. Jefferies Financial Group lifted their price objective on Kinross Gold from $5.00 to $6.00 and gave the stock a "hold" rating in a research report on Monday, April 22nd. Finally, StockNews.com raised Kinross Gold from a "hold" rating to a "buy" rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Kinross Gold presently has an average rating of "Moderate Buy" and a consensus price target of $6.69.

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.