Kinross Gold Co. (NYSE:KGC) Shares Sold by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. cut its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 16.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,200 shares of the mining company’s stock after selling 3,000 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Kinross Gold were worth $141,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. DGS Capital Management LLC boosted its holdings in shares of Kinross Gold by 29.1% in the 4th quarter. DGS Capital Management LLC now owns 19,088 shares of the mining company’s stock valued at $177,000 after purchasing an additional 4,299 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Kinross Gold in the 4th quarter worth $1,696,000. Fiduciary Family Office LLC acquired a new position in Kinross Gold in the fourth quarter valued at $201,000. Avior Wealth Management LLC grew its position in Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after acquiring an additional 5,140 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Kinross Gold by 127.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 78,151 shares of the mining company’s stock worth $724,000 after acquiring an additional 43,814 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. Jefferies Financial Group lifted their price target on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $11.13.

Kinross Gold Trading Up 1.7 %

NYSE KGC opened at $10.69 on Friday. The company’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $9.56. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. Kinross Gold Co. has a 12 month low of $4.75 and a 12 month high of $10.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Kinross Gold’s revenue for the quarter was up 29.9% compared to the same quarter last year. As a group, research analysts predict that Kinross Gold Co. will post 0.72 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold’s dividend 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.