Kinross Gold Co. (NYSE:KGC) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its position in shares of Kinross Gold Co. (NYSE:KGCGet Rating) (TSE:K) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,558,900 shares of the mining company’s stock after selling 25,300 shares during the quarter. Gabelli Funds LLC owned approximately 0.29% of Kinross Gold worth $20,677,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ruffer LLP grew its stake in Kinross Gold by 43.3% during the 4th quarter. Ruffer LLP now owns 59,308,657 shares of the mining company’s stock worth $337,482,000 after buying an additional 17,917,522 shares during the last quarter. Renaissance Technologies LLC raised its position in Kinross Gold by 5.3% in the 3rd quarter. Renaissance Technologies LLC now owns 32,868,174 shares of the mining company’s stock valued at $176,178,000 after purchasing an additional 1,640,900 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Kinross Gold by 183.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,827,052 shares of the mining company’s stock worth $80,294,000 after purchasing an additional 8,950,090 shares during the period. Donald Smith & CO. Inc. grew its position in Kinross Gold by 26.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 12,129,267 shares of the mining company’s stock worth $70,471,000 after purchasing an additional 2,513,418 shares during the last quarter. Finally, Morgan Stanley increased its stake in Kinross Gold by 2.4% in the third quarter. Morgan Stanley now owns 7,221,934 shares of the mining company’s stock valued at $38,708,000 after purchasing an additional 171,747 shares during the period. Institutional investors and hedge funds own 56.58% of the company’s stock.

Shares of Kinross Gold stock opened at $4.50 on Friday. The company has a 50-day moving average of $5.39 and a two-hundred day moving average of $5.62. Kinross Gold Co. has a 12-month low of $3.92 and a 12-month high of $8.23. The company has a current ratio of 3.31, a quick ratio of 1.73 and a debt-to-equity ratio of 0.42. The stock has a market cap of $5.85 billion, a PE ratio of -12.50 and a beta of 1.01.

Kinross Gold (NYSE:KGCGet Rating) (TSE:K) last released its quarterly earnings data on Tuesday, May 10th. The mining company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $768.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. Kinross Gold had a negative net margin of 12.88% and a positive return on equity of 6.27%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. On average, sell-side analysts forecast that Kinross Gold Co. will post 0.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Wednesday, June 1st. Kinross Gold’s dividend payout ratio (DPR) is presently -33.33%.

A number of research firms recently issued reports on KGC. CSFB set a $7.00 price target on Kinross Gold and gave the stock an “outperform” rating in a report on Thursday, February 17th. Stifel Nicolaus lowered their target price on Kinross Gold from C$14.00 to C$11.50 in a research note on Wednesday, April 27th. National Bank Financial increased their price target on Kinross Gold from C$11.00 to C$12.00 in a report on Wednesday, April 20th. Raymond James set a $7.50 price objective on shares of Kinross Gold and gave the company an “outperform” rating in a research note on Thursday, May 12th. Finally, Canaccord Genuity Group reduced their target price on shares of Kinross Gold from C$10.50 to C$9.50 and set a “buy” rating for the company in a research note on Thursday, March 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $8.36.

About Kinross Gold (Get Rating)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

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Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)

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