Crossmark Global Holdings Inc. Sells 43,361 Shares of Kinross Gold Co. (NYSE:KGC)

Crossmark Global Holdings Inc. reduced its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 42.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,489 shares of the mining company’s stock after selling 43,361 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Kinross Gold were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KGC. Jupiter Asset Management Ltd. purchased a new position in Kinross Gold during the 1st quarter worth $3,199,000. Intech Investment Management LLC purchased a new position in Kinross Gold during the 1st quarter worth $202,000. Vanguard Group Inc. increased its holdings in Kinross Gold by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company’s stock worth $278,486,000 after purchasing an additional 497,531 shares during the period. Ontario Teachers Pension Plan Board increased its holdings in Kinross Gold by 4.7% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 280,888 shares of the mining company’s stock worth $1,724,000 after purchasing an additional 12,667 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Kinross Gold by 3.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 105,372 shares of the mining company’s stock valued at $647,000 after acquiring an additional 3,070 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Kinross Gold Stock Down 1.5 %

Kinross Gold stock opened at $9.25 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.46 and a beta of 1.22. Kinross Gold Co. has a 1-year low of $4.75 and a 1-year high of $10.82. The business has a fifty day moving average price of $9.81 and a 200-day moving average price of $8.80.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. Equities research analysts forecast that Kinross Gold Co. will post 0.69 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.30%. Kinross Gold’s dividend payout ratio is currently 19.67%.

Wall Street Analysts Forecast Growth

KGC has been the topic of a number of analyst reports. Scotiabank lifted their price target on Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. Finally, Jefferies Financial Group lifted their price target on Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Kinross Gold has a consensus rating of “Moderate Buy” and an average target price of $10.00.

About Kinross Gold

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.