Edmond DE Rothschild Holding S.A. Reduces Stock Position in Kinross Gold Co. (NYSE:KGC)

Edmond DE Rothschild Holding S.A. decreased its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,896 shares of the mining company’s stock after selling 15,132 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Kinross Gold were worth $2,458,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its position in Kinross Gold by 2.2% during the fourth quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock worth $381,000 after purchasing an additional 865 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised 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 buying an additional 1,002 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of Kinross Gold by 2.4% in the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company’s stock worth $423,000 after buying an additional 1,079 shares in the last quarter. Schechter Investment Advisors LLC grew its stake in Kinross Gold by 2.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock valued at $367,000 after acquiring an additional 1,080 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in Kinross Gold by 4.9% during the 4th quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock valued at $219,000 after acquiring an additional 1,106 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Trading Up 1.0 %

Shares of KGC opened at $12.62 on Tuesday. Kinross Gold Co. has a fifty-two week low of $6.13 and a fifty-two week high of $12.90. The stock has a fifty day moving average of $11.45 and a two-hundred day moving average of $10.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The company has a market capitalization of $15.52 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last released 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 return on equity of 12.65% and a net margin of 18.43%. As a group, analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current 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 issued a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.95%. Kinross Gold’s payout ratio is 15.58%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KGC shares. StockNews.com downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. National Bank Financial raised Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, CIBC boosted their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.