Kinross Gold Co. (NYSE:KGC) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC cut its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 8.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,610 shares of the mining company’s stock after selling 3,626 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Kinross Gold were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Kinross Gold by 60.2% during the second quarter. Envestnet Asset Management Inc. now owns 265,650 shares of the mining company’s stock worth $2,210,000 after acquiring an additional 99,812 shares during the period. AXA S.A. purchased a new position in shares of Kinross Gold in the second quarter valued at approximately $604,000. AQR Capital Management LLC boosted its stake in shares of Kinross Gold by 89.7% in the second quarter. AQR Capital Management LLC now owns 50,631 shares of the mining company’s stock worth $421,000 after acquiring an additional 23,946 shares during the last quarter. Creative Planning boosted its stake in Kinross Gold by 48.6% during the 2nd quarter. Creative Planning now owns 64,256 shares of the mining company’s stock worth $535,000 after purchasing an additional 21,004 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Kinross Gold by 18.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock valued at $119,000 after buying an additional 2,180 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on KGC shares. Jefferies Financial Group upped their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, October 4th. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $11.13.

Kinross Gold Trading Up 2.3 %

KGC opened at $11.12 on Thursday. The stock has a market capitalization of $13.67 billion, a PE ratio of 18.24, a P/E/G ratio of 0.90 and a beta of 1.21. Kinross Gold Co. has a one year low of $4.75 and a one year high of $11.31. 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 business’s 50 day moving average price is $9.93 and its 200 day moving average price is $9.59.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results 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 return on equity of 11.49% and a net margin of 15.23%. 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 prior year, the business posted $0.12 EPS. The company’s revenue was up 29.9% compared to the same quarter last year. As a group, equities research analysts expect that Kinross Gold Co. will post 0.72 EPS for the current year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. Kinross Gold’s payout ratio is currently 19.67%.

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.