Triasima Portfolio Management inc. Sells 209,856 Shares of Kinross Gold Co. (NYSE:KGC)

Triasima Portfolio Management inc. reduced its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 12.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,498,594 shares of the mining company’s stock after selling 209,856 shares during the quarter. Kinross Gold makes up about 2.7% of Triasima Portfolio Management inc.’s portfolio, making the stock its 4th largest holding. Triasima Portfolio Management inc.’s holdings in Kinross Gold were worth $13,911,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Private Advisor Group LLC raised its position in Kinross Gold by 8.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock worth $115,000 after purchasing an additional 981 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Kinross Gold by 4.9% during the 4th quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock worth $219,000 after buying an additional 1,106 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Kinross Gold by 2.7% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock worth $447,000 after buying an additional 1,235 shares during the period. Blue Trust Inc. increased its stake in shares of Kinross Gold by 9.6% in the 4th quarter. Blue Trust Inc. now owns 23,411 shares of the mining company’s stock valued at $219,000 after acquiring an additional 2,060 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Kinross Gold by 18.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock valued at $119,000 after acquiring an additional 2,180 shares during the period. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $11.92 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $12.02. The stock’s 50 day moving average is $10.11 and its 200-day moving average is $9.69. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 0.61 and a beta of 1.23.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. Kinross Gold’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. Sell-side analysts forecast that Kinross Gold Co. will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kinross Gold presently has an average rating of “Buy” and a consensus price target of $11.13.

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.