West Family Investments Inc. Sells 463,163 Shares of Kinross Gold Co. (NYSE:KGC)

West Family Investments Inc. decreased its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 96.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,908 shares of the mining company’s stock after selling 463,163 shares during the period. West Family Investments Inc.’s holdings in Kinross Gold were worth $158,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Kinross Gold by 1.1% during the first quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company’s stock valued at $278,486,000 after buying an additional 497,531 shares during the last quarter. Boston Partners lifted its stake in Kinross Gold by 7.9% during the 1st quarter. Boston Partners now owns 18,226,824 shares of the mining company’s stock valued at $111,730,000 after acquiring an additional 1,328,372 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Kinross Gold by 6.2% during the 2nd quarter. Mackenzie Financial Corp now owns 10,959,397 shares of the mining company’s stock worth $91,255,000 after acquiring an additional 643,013 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Kinross Gold by 31.2% in the 2nd quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company’s stock worth $78,946,000 after acquiring an additional 2,267,999 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Kinross Gold by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company’s stock valued at $72,867,000 after purchasing an additional 1,777,076 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KGC has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. Finally, Scotiabank increased their price target on shares of Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.00.

Kinross Gold Stock Performance

Shares of KGC stock opened at $9.97 on Thursday. The firm’s 50 day moving average is $9.86 and its 200 day moving average is $8.88. The stock has a market capitalization of $12.25 billion, a P/E ratio of 16.34, a PEG ratio of 0.48 and a beta of 1.22. Kinross Gold Co. has a 12 month low of $4.75 and a 12 month high of $10.82. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 earnings per share. On average, sell-side analysts anticipate that Kinross Gold Co. will post 0.69 earnings per share for the current year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinross Gold’s payout ratio is presently 19.67%.

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.