Arrowstreet Capital Limited Partnership Has $282.31 Million Stock Position in Kinross Gold Co. (NYSE:KGC)

Arrowstreet Capital Limited Partnership lowered its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 10.9% during the fourth quarter, Holdings Channel reports. The firm owned 30,441,083 shares of the mining company’s stock after selling 3,729,417 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Kinross Gold were worth $282,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KGC. Jones Financial Companies Lllp lifted its holdings in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after acquiring an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC lifted its stake in Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after purchasing an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Kinross Gold in the 4th quarter valued at $42,000. Global Retirement Partners LLC raised its holdings in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after buying an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after buying an additional 5,140 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KGC. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. CIBC boosted 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. Finally, StockNews.com downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $11.63.

Kinross Gold Trading Down 0.1 %

Shares of NYSE KGC opened at $12.50 on Friday. The firm has a 50 day moving average price of $11.40 and a two-hundred day moving average price of $10.39. The stock has a market cap of $15.37 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 52-week low of $6.13 and a 52-week high of $12.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

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

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.96%. Kinross Gold’s dividend payout ratio (DPR) is 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.