Kinross Gold Co. (NYSE:KGC) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 63.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,890 shares of the mining company’s stock after selling 44,731 shares during the period. GSA Capital Partners LLP’s holdings in Kinross Gold were worth $242,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KGC. Artemis Investment Management LLP boosted its position in Kinross Gold by 321.5% in the second quarter. Artemis Investment Management LLP now owns 6,695,496 shares of the mining company’s stock valued at $55,707,000 after buying an additional 5,107,120 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Kinross Gold by 634.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company’s stock worth $36,971,000 after acquiring an additional 3,405,478 shares during the period. National Bank of Canada FI raised its position in Kinross Gold by 31.2% during the second quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company’s stock valued at $78,946,000 after acquiring an additional 2,267,999 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Kinross Gold by 64.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,749,480 shares of the mining company’s stock valued at $29,115,000 after acquiring an additional 1,856,478 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Kinross Gold by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company’s stock worth $72,867,000 after purchasing an additional 1,777,076 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Stock Up 1.4 %

Shares of NYSE KGC opened at $10.22 on Friday. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.49 and a beta of 1.22. The company’s 50-day simple moving average is $9.89 and its 200-day simple moving average is $8.92. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $10.82.

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 (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm posted $0.12 EPS. Kinross Gold’s revenue was up 29.9% compared to the same quarter last year. Equities analysts predict that Kinross Gold Co. will post 0.69 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinross Gold’s payout ratio is 19.67%.

Analyst Upgrades and Downgrades

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

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.