Kinross Gold Co. (NYSE:KGC) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of Kinross Gold Co. (NYSE:KGCFree Report) (TSE:K) by 40.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 683,243 shares of the mining company’s stock after selling 473,298 shares during the period. Hsbc Holdings PLC owned about 0.06% of Kinross Gold worth $4,157,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in KGC. Norges Bank acquired a new position in Kinross Gold during the 4th quarter worth $265,327,000. Boston Partners lifted its position in shares of Kinross Gold by 44.0% in the 4th quarter. Boston Partners now owns 16,898,452 shares of the mining company’s stock worth $102,236,000 after buying an additional 5,162,124 shares during the last quarter. Triasima Portfolio Management inc. lifted its position in shares of Kinross Gold by 110.4% in the 4th quarter. Triasima Portfolio Management inc. now owns 4,885,850 shares of the mining company’s stock worth $29,627,000 after buying an additional 2,563,850 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Kinross Gold by 24.9% in the 3rd quarter. American Century Companies Inc. now owns 8,046,094 shares of the mining company’s stock worth $36,680,000 after buying an additional 1,603,951 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Kinross Gold by 33.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,319,428 shares of the mining company’s stock worth $32,183,000 after buying an additional 1,336,756 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. TheStreet downgraded shares of Kinross Gold from a “b” rating to a “c+” rating in a research report on Friday, February 16th. Jefferies Financial Group raised their price target on shares of Kinross Gold from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. StockNews.com upgraded shares of Kinross Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. Finally, Cormark upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.59.

Check Out Our Latest Analysis on Kinross Gold

Kinross Gold Stock Down 5.2 %

Kinross Gold stock opened at $7.67 on Wednesday. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 0.49 and a beta of 1.23. The company has a current ratio of 1.15, a quick ratio of 0.45 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $7.03 and its two-hundred day moving average price is $6.09. Kinross Gold Co. has a 52 week low of $4.32 and a 52 week high of $8.27.

Kinross Gold (NYSE:KGCGet Free Report) (TSE:K) last released its earnings results on Tuesday, May 7th. The mining company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.06 by $0.04. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Kinross Gold had a net margin of 9.86% and a return on equity of 9.34%. Kinross Gold’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. On average, analysts expect that Kinross Gold Co. will post 0.51 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.12 annualized dividend and a yield of 1.56%. Kinross Gold’s payout ratio is 33.33%.

Kinross Gold Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)

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