Te Ahumairangi Investment Management Ltd Sells 17,000 Shares of Kinross Gold Co. (NYSE:KGC)

Te Ahumairangi Investment Management Ltd trimmed its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 281,800 shares of the mining company’s stock after selling 17,000 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Kinross Gold were worth $2,616,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KGC. Jones Financial Companies Lllp grew its stake in Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after acquiring an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in Kinross Gold by 30.4% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after purchasing an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Kinross Gold during the 4th quarter worth $42,000. Global Retirement Partners LLC increased its holdings in Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares during the period. Finally, Avior Wealth Management LLC raised its position in Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after purchasing an additional 5,140 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

Kinross Gold Stock Performance

KGC stock opened at $12.59 on Wednesday. The firm has a 50-day simple moving average of $11.49 and a two-hundred day simple moving average of $10.44. 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 Co. has a one year low of $6.16 and a one year high of $12.90. The firm has a market cap of $15.49 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last announced 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%. On average, equities analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s dividend payout ratio is currently 15.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KGC shares. CIBC increased their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, StockNews.com downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. One research 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. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $11.63.

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.