DORCHESTER WEALTH MANAGEMENT Co Has $434,000 Stock Position in Kinross Gold Co. (NYSE:KGC)

DORCHESTER WEALTH MANAGEMENT Co lowered its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,750 shares of the mining company’s stock after selling 3,200 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Kinross Gold were worth $434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KGC. Van ECK Associates Corp boosted its holdings in Kinross Gold by 62.2% in the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock worth $1,078,330,000 after acquiring an additional 44,610,091 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Kinross Gold in the third quarter worth approximately $14,193,000. Toronto Dominion Bank boosted its holdings in Kinross Gold by 115.7% in the third quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock worth $19,455,000 after acquiring an additional 1,114,801 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Kinross Gold by 326.6% in the third quarter. BNP Paribas Financial Markets now owns 1,304,595 shares of the mining company’s stock worth $12,211,000 after acquiring an additional 998,763 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Kinross Gold by 16.9% in the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after acquiring an additional 828,456 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Down 5.0 %

KGC stock opened at $10.97 on Friday. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $12.28. 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 stock’s 50 day moving average is $10.52 and its 200-day moving average is $9.92. The firm has a market capitalization of $13.48 billion, a PE ratio of 14.24, a P/E/G ratio of 0.68 and a beta of 1.24.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Sell-side analysts expect that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s payout ratio is 15.58%.

Analyst Ratings Changes

Several brokerages have issued reports on KGC. CIBC increased their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $11.63.

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.