Aire Advisors LLC Sells 2,000 Shares of Kinross Gold Co. (NYSE:KGC)

Aire Advisors LLC lessened its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 2.5% during the 4th quarter, HoldingsChannel reports. The firm owned 79,000 shares of the mining company’s stock after selling 2,000 shares during the period. Aire Advisors LLC’s holdings in Kinross Gold were worth $732,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after buying an additional 1,412 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Kinross Gold in the 4th quarter valued at approximately $42,000. Global Retirement Partners LLC boosted its holdings in shares of Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after purchasing an additional 4,788 shares in the last quarter. Avior Wealth Management LLC boosted its stake 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 valued at $67,000 after purchasing an additional 5,140 shares in the last quarter. Finally, Valley National Advisers Inc. bought a new stake in Kinross Gold during the 4th quarter worth $92,000. Institutional investors own 63.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a research report on Friday. CIBC increased their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $11.63.

Kinross Gold Trading Up 0.4 %

Shares of Kinross Gold stock opened at $12.21 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. The company’s fifty day simple moving average is $11.25 and its 200-day simple moving average is $10.30. The stock has a market capitalization of $15.02 billion, a PE ratio of 15.85, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 1-year low of $5.67 and a 1-year high of $12.39.

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

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.98%. Kinross Gold’s 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.