Kinross Gold Co. (NYSE:KGC) Shares Sold by Seneca House Advisors

Seneca House Advisors decreased its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 24.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,350 shares of the mining company’s stock after selling 5,150 shares during the period. Seneca House Advisors’ holdings in Kinross Gold were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Artemis Investment Management LLP acquired a new stake in shares of Kinross Gold during the first quarter worth about $9,732,000. 180 Wealth Advisors LLC raised its position in Kinross Gold by 13.1% during the 1st quarter. 180 Wealth Advisors LLC now owns 43,046 shares of the mining company’s stock worth $264,000 after buying an additional 4,989 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Kinross Gold during the 4th quarter valued at approximately $63,000. Vanguard Group Inc. boosted its holdings in shares of Kinross Gold by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 44,932,404 shares of the mining company’s stock valued at $271,841,000 after acquiring an additional 528,121 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Kinross Gold by 3.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,677,952 shares of the mining company’s stock worth $28,302,000 after acquiring an additional 170,761 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Price Performance

NYSE KGC remained flat at $8.32 on Friday. 22,908,694 shares of the company traded hands, compared to its average volume of 15,697,603. The company has a quick ratio of 0.45, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $10.23 billion, a P/E ratio of 23.11, a PEG ratio of 0.54 and a beta of 1.23. Kinross Gold Co. has a 12 month low of $4.32 and a 12 month high of $8.40. The company’s 50-day moving average price is $7.51 and its two-hundred day moving average price is $6.34.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Tuesday, May 7th. The mining company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Kinross Gold had a net margin of 9.86% and a return on equity of 9.34%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share. On average, sell-side analysts anticipate that Kinross Gold Co. will post 0.52 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a $0.03 dividend. The ex-dividend date was Thursday, May 30th. This represents a $0.12 annualized dividend and a dividend yield of 1.44%. Kinross Gold’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group increased their price target on Kinross Gold from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. StockNews.com upgraded Kinross Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. Cormark raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, May 9th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Finally, Scotiabank lifted their target price on shares of Kinross Gold from $8.00 to $9.50 and gave the company an “outperform” rating in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.59.

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.