Blue Trust Inc. Sells 15,650 Shares of Kinross Gold Co. (NYSE:KGC)

Blue Trust Inc. lessened its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 73.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,701 shares of the mining company’s stock after selling 15,650 shares during the period. Blue Trust Inc.’s holdings in Kinross Gold were worth $53,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of KGC. Van ECK Associates Corp boosted its holdings in shares of Kinross Gold by 62.2% in the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock valued at $1,078,330,000 after buying an additional 44,610,091 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Kinross Gold by 5.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,267,312 shares of the mining company’s stock valued at $124,276,000 after purchasing an additional 642,007 shares during the period. National Bank of Canada FI raised its stake in shares of Kinross Gold by 0.7% in the 3rd quarter. National Bank of Canada FI now owns 9,612,585 shares of the mining company’s stock valued at $90,022,000 after purchasing an additional 70,376 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Kinross Gold by 7.3% in the third quarter. The Manufacturers Life Insurance Company now owns 7,094,622 shares of the mining company’s stock valued at $66,509,000 after purchasing an additional 480,568 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Kinross Gold by 8.6% during the third quarter. CIBC Asset Management Inc now owns 6,050,512 shares of the mining company’s stock worth $56,705,000 after buying an additional 477,529 shares during the period. 63.69% of the stock is owned by institutional investors.

Kinross Gold Price Performance

NYSE:KGC opened at $10.80 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $10.54 and a 200 day simple moving average of $9.96. Kinross Gold Co. has a 1-year low of $4.75 and a 1-year high of $12.28. The stock has a market capitalization of $13.27 billion, a PE ratio of 14.02, a P/E/G ratio of 0.68 and a beta of 1.24.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 EPS 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%. On average, research analysts expect that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm 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 $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.11%. Kinross Gold’s payout ratio is 15.58%.

Analyst Ratings Changes

KGC has been the topic of a number of recent research reports. CIBC lifted their target price on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Kinross Gold presently has an average rating of “Moderate Buy” and a consensus price target of $11.63.

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.