Candriam S.C.A. Trims Stock Position in Kinross Gold Co. (NYSE:KGC)

Candriam S.C.A. lessened its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 30.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,739 shares of the mining company’s stock after selling 8,799 shares during the quarter. Candriam S.C.A.’s holdings in Kinross Gold were worth $183,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Schechter Investment Advisors LLC raised its position 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 valued at $367,000 after buying an additional 1,080 shares during the period. Atomi Financial Group Inc. raised its position in Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock valued at $219,000 after purchasing an additional 1,106 shares during the period. Jones Financial Companies Lllp raised its position in Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after purchasing an additional 1,412 shares during the period. Blue Trust Inc. raised its position in Kinross Gold by 9.6% in the fourth quarter. Blue Trust Inc. now owns 23,411 shares of the mining company’s stock valued at $219,000 after purchasing an additional 2,060 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Kinross Gold by 9.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company’s stock valued at $241,000 after purchasing an additional 2,200 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

NYSE:KGC opened at $10.55 on Tuesday. The company has a fifty day simple moving average of $10.87 and a two-hundred day simple moving average of $10.09. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 52 week low of $5.34 and a 52 week high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results 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 return on equity of 12.65% and a net margin of 18.43%. As a group, equities analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.14%. Kinross Gold’s payout ratio is currently 15.58%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com lowered Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. CIBC boosted 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.