Boston Partners Lowers Position in Kinross Gold Co. (NYSE:KGC)

Boston Partners decreased its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,821,852 shares of the mining company’s stock after selling 9,242,155 shares during the quarter. Boston Partners owned approximately 2.83% of Kinross Gold worth $351,317,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in Kinross Gold by 62.2% in the 4th 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. First Eagle Investment Management LLC raised its position in shares of Kinross Gold by 80.9% during the 4th quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company’s stock valued at $116,898,000 after purchasing an additional 5,639,383 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Kinross Gold during the 3rd quarter valued at $14,193,000. Intact Investment Management Inc. boosted its holdings in Kinross Gold by 4,059.9% in the 4th quarter. Intact Investment Management Inc. now owns 1,510,040 shares of the mining company’s stock worth $14,022,000 after buying an additional 1,473,740 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Kinross Gold by 10.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company’s stock worth $136,028,000 after buying an additional 1,398,225 shares during the period. Institutional investors own 63.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday. CIBC upped their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Kinross Gold currently has a consensus rating of “Buy” and an average target price of $11.63.

Kinross Gold Stock Performance

NYSE KGC opened at $12.01 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold Co. has a 1-year low of $5.44 and a 1-year high of $12.29. The business has a 50 day simple moving average of $11.06 and a two-hundred day simple moving average of $10.18. The stock has a market capitalization of $14.77 billion, a PE ratio of 15.60, a P/E/G ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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 predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business 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 $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.00%. Kinross Gold’s dividend payout ratio is currently 15.58%.

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.