Mount Lucas Management LP Trims Holdings in Kinross Gold Co. (NYSE:KGC)

Mount Lucas Management LP lowered its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 17.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 148,707 shares of the mining company’s stock after selling 30,957 shares during the period. Mount Lucas Management LP’s holdings in Kinross Gold were worth $1,379,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KGC. Jones Financial Companies Lllp raised its holdings in shares of Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after acquiring an additional 1,412 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Kinross Gold during the 4th quarter valued at $42,000. Global Retirement Partners LLC raised its holdings in Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares during the period. Finally, Valley National Advisers Inc. bought a new stake in shares of Kinross Gold during the 4th quarter valued at about $92,000. 63.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KGC has been the subject of a number of research reports. StockNews.com downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. CIBC increased their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.63.

Kinross Gold Stock Up 0.1 %

KGC stock opened at $11.16 on Monday. 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 business has a 50 day moving average of $10.84 and a 200 day moving average of $10.08. Kinross Gold Co. has a twelve month low of $5.32 and a twelve month high of $12.28. The firm has a market cap of $13.71 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29.

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

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.08%. Kinross Gold’s dividend payout ratio is presently 15.58%.

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.