Golden State Equity Partners Sells 30,000 Shares of Kinross Gold Co. (NYSE:KGC)

Golden State Equity Partners reduced its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 50.0% during the 4th quarter, HoldingsChannel reports. The fund owned 30,000 shares of the mining company’s stock after selling 30,000 shares during the period. Golden State Equity Partners’ holdings in Kinross Gold were worth $278,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KGC. Avior Wealth Management LLC grew its stake in shares of Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after buying an additional 5,140 shares during the last quarter. Corundum Trust Company INC bought a new position in shares of Kinross Gold during the third quarter valued at approximately $94,000. OneDigital Investment Advisors LLC bought a new position in shares of Kinross Gold during the third quarter valued at approximately $94,000. EP Wealth Advisors LLC bought a new position in shares of Kinross Gold during the third quarter valued at approximately $95,000. Finally, Fiera Capital Corp bought a new position in shares of Kinross Gold during the third quarter valued at approximately $99,000. 63.69% of the stock is owned by institutional investors.

Kinross Gold Stock Up 1.5 %

Shares of NYSE KGC opened at $11.45 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.61 and a beta of 1.23. The stock has a 50 day moving average price of $10.01 and a 200 day moving average price of $9.64. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $11.68.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. Kinross Gold’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. Sell-side analysts expect that Kinross Gold Co. will post 0.72 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $11.13.

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.