Kinross Gold Co. (NYSE:KGC) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 61.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 210,503 shares of the mining company’s stock after selling 340,710 shares during the period. Assenagon Asset Management S.A.’s holdings in Kinross Gold were worth $2,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC boosted its stake in shares of Kinross Gold by 3.1% during the 1st quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company’s stock worth $351,000 after purchasing an additional 850 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Kinross Gold by 2.2% during the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock worth $381,000 after purchasing an additional 865 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after purchasing an additional 1,002 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company’s stock worth $423,000 after purchasing an additional 1,079 shares during the last quarter. Finally, Schechter Investment Advisors LLC boosted its stake in shares of Kinross Gold by 2.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock worth $367,000 after purchasing an additional 1,080 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Price Performance

Shares of Kinross Gold stock opened at $15.57 on Tuesday. 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 company’s 50-day moving average price is $14.64 and its two-hundred day moving average price is $12.19. Kinross Gold Co. has a 52 week low of $7.20 and a 52 week high of $15.96. The stock has a market cap of $19.09 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 0.68 and a beta of 0.63.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.08. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The business’s revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. As a group, sell-side analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 29th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.77%. Kinross Gold’s payout ratio is 12.24%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KGC. CIBC reissued an “outperform” rating on shares of Kinross Gold in a research report on Tuesday, May 13th. National Bankshares restated an “outperform” rating on shares of Kinross Gold in a report on Wednesday, April 23rd. National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. Raymond James raised their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, April 4th. Finally, Royal Bank of Canada raised their price target on shares of Kinross Gold from $14.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $15.40.

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.