Kinross Gold Co. (NYSE:KGC) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 18.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 474,758 shares of the mining company’s stock after selling 106,856 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Kinross Gold were worth $4,401,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Kinross Gold during the fourth quarter worth $280,697,000. Mediolanum International Funds Ltd purchased a new position in Kinross Gold during the 4th quarter worth $2,506,000. Truist Financial Corp lifted its stake in shares of Kinross Gold by 48.2% in the 4th quarter. Truist Financial Corp now owns 302,057 shares of the mining company’s stock worth $2,800,000 after acquiring an additional 98,196 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Kinross Gold by 16.9% in the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock valued at $54,803,000 after acquiring an additional 828,456 shares in the last quarter. Finally, DJE Kapital AG acquired a new position in shares of Kinross Gold during the fourth quarter worth about $3,723,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Stock Up 1.9 %

Kinross Gold stock opened at $12.84 on Thursday. Kinross Gold Co. has a fifty-two week low of $6.20 and a fifty-two week high of $12.90. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The stock’s fifty day moving average is $11.53 and its two-hundred day moving average is $10.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s payout ratio is currently 15.58%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KGC. StockNews.com lowered Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. CIBC increased their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Company 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.