Kinross Gold Co. (NYSE:KGC) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC trimmed its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,300 shares of the mining company’s stock after selling 11,200 shares during the quarter. Todd Asset Management LLC’s holdings in Kinross Gold were worth $3,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Global Retirement Partners LLC raised its position in Kinross Gold by 747.0% in the fourth 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 during the period. Avior Wealth Management LLC grew its stake in shares of Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after buying an additional 5,140 shares in the last quarter. Valley National Advisers Inc. purchased a new stake in shares of Kinross Gold in the 4th quarter valued at $92,000. OneDigital Investment Advisors LLC acquired a new position in Kinross Gold during the 3rd quarter worth about $94,000. Finally, EP Wealth Advisors LLC purchased a new position in Kinross Gold during the 3rd quarter valued at about $95,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Kinross Gold Price Performance

KGC stock opened at $10.80 on Wednesday. The business’s 50-day moving average is $10.57 and its two-hundred day moving average is $9.97. 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 firm has a market capitalization of $13.27 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.68 and a beta of 1.24. Kinross Gold Co. has a 1 year low of $4.75 and a 1 year high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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%. Analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.11%. Kinross Gold’s dividend payout ratio (DPR) is currently 15.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KGC. StockNews.com lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. CIBC lifted their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kinross Gold has a consensus rating of “Moderate Buy” and a consensus target price of $11.63.

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.