Oxbow Advisors LLC Cuts Stock Position in Kinross Gold Co. (NYSE:KGC)

Oxbow Advisors LLC cut its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 14.4% during the fourth quarter, Holdings Channel reports. The firm owned 19,315 shares of the mining company’s stock after selling 3,262 shares during the quarter. Oxbow Advisors LLC’s holdings in Kinross Gold were worth $179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KGC. Van ECK Associates Corp increased its stake in Kinross Gold by 62.2% during 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 purchasing an additional 44,610,091 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Kinross Gold during the third quarter worth about $14,193,000. Toronto Dominion Bank increased its stake in Kinross Gold by 115.7% during the third quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock worth $19,455,000 after purchasing an additional 1,114,801 shares during the period. BNP Paribas Financial Markets increased its stake in Kinross Gold by 326.6% during the third quarter. BNP Paribas Financial Markets now owns 1,304,595 shares of the mining company’s stock worth $12,211,000 after purchasing an additional 998,763 shares during the period. Finally, Geode Capital Management LLC increased its stake in Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after purchasing an additional 828,456 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. CIBC upped their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and an average target price of $11.63.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at $10.97 on Friday. The firm has a market capitalization of $13.48 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.68 and a beta of 1.24. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week 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 firm’s 50 day moving average is $10.52 and its two-hundred day moving average is $9.92.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Research analysts forecast 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. Shareholders of record on Wednesday, March 5th will be paid 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 1.09%. Kinross Gold’s dividend payout ratio is currently 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.