OMERS ADMINISTRATION Corp Sells 88,500 Shares of Kinross Gold Co. (NYSE:KGC)

OMERS ADMINISTRATION Corp lowered its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 39.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,500 shares of the mining company's stock after selling 88,500 shares during the period. OMERS ADMINISTRATION Corp's holdings in Kinross Gold were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Kinross Gold in the fourth quarter worth $280,697,000. Renaissance Technologies LLC increased its position in Kinross Gold by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock worth $304,633,000 after purchasing an additional 3,224,455 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in Kinross Gold in the fourth quarter worth $2,506,000. Truist Financial Corp increased its position in Kinross Gold by 48.2% in the fourth quarter. Truist Financial Corp now owns 302,057 shares of the mining company's stock worth $2,800,000 after purchasing an additional 98,196 shares during the last quarter. Finally, DJE Kapital AG bought a new stake in Kinross Gold in the fourth quarter worth $3,723,000. Institutional investors own 63.69% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KGC shares. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. BMO Capital Markets initiated coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. Finally, CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $13.90.

Kinross Gold Stock Down 0.3%

NYSE KGC opened at $13.71 on Friday. The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 0.68 and a beta of 0.64. Kinross Gold Co. has a 52 week low of $7.20 and a 52 week high of $15.96. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $13.44 and a two-hundred day moving average of $11.42.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The business's revenue was up 38.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. On average, analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, May 29th. Kinross Gold's dividend payout ratio is currently 12.24%.

About Kinross Gold

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.

Want to see what other hedge funds are holding KGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.