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

Euro Pacific Asset Management LLC lowered its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,388,343 shares of the mining company’s stock after selling 65,300 shares during the period. Kinross Gold makes up 2.4% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 15th biggest position. Euro Pacific Asset Management LLC owned about 0.11% of Kinross Gold worth $13,113,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Atlas Capital Advisors LLC acquired a new stake in Kinross Gold during the 2nd quarter worth about $40,000. Fifth Third Bancorp lifted its position in shares of Kinross Gold by 3,524.4% in the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after purchasing an additional 9,375 shares in the last quarter. Corundum Trust Company INC acquired a new position in Kinross Gold in the 3rd quarter valued at approximately $94,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Kinross Gold during the 3rd quarter valued at $94,000. Finally, Fiera Capital Corp purchased a new position in shares of Kinross Gold during the 3rd quarter valued at $99,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Scotiabank lifted their price objective on Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. Finally, Jefferies Financial Group increased their price objective on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinross Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Kinross Gold Stock Down 1.5 %

Shares of KGC stock opened at $9.25 on Friday. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.46 and a beta of 1.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. The stock’s 50 day simple moving average is $9.81 and its 200 day simple moving average is $8.80. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $10.82.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $0.12 earnings per share. Kinross Gold’s revenue for the quarter was up 29.9% on a year-over-year basis. As a group, research analysts predict that Kinross Gold Co. will post 0.69 EPS for the current year.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.12 annualized dividend and a yield of 1.30%. Kinross Gold’s payout ratio is 19.67%.

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.