Kinross Gold Corporation $KGC Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP decreased its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 15.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 256,949 shares of the mining company’s stock after selling 48,568 shares during the quarter. Engineers Gate Manager LP’s holdings in Kinross Gold were worth $6,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KGC. Parallel Advisors LLC lifted its holdings in Kinross Gold by 3.2% in the fourth quarter. Parallel Advisors LLC now owns 9,310 shares of the mining company’s stock valued at $262,000 after acquiring an additional 292 shares during the period. Caitlin John LLC boosted its position in Kinross Gold by 42.1% in the 2nd quarter. Caitlin John LLC now owns 1,350 shares of the mining company’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of Kinross Gold by 2.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 22,569 shares of the mining company’s stock worth $636,000 after purchasing an additional 473 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. increased its holdings in shares of Kinross Gold by 0.4% during the 2nd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 141,100 shares of the mining company’s stock valued at $3,329,000 after purchasing an additional 500 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Kinross Gold by 2.1% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,309 shares of the mining company’s stock valued at $629,000 after purchasing an additional 521 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Price Performance

NYSE:KGC opened at $29.11 on Friday. The stock has a 50 day moving average of $26.96 and a two-hundred day moving average of $28.87. Kinross Gold Corporation has a 12 month low of $21.94 and a 12 month high of $39.11. The firm has a market cap of $34.49 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.78 and a beta of 0.84. The company has a current ratio of 2.89, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The business’s revenue was up 29.5% on a year-over-year basis. On average, analysts expect that Kinross Gold Corporation will post 2.61 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 20th. Kinross Gold’s dividend payout ratio (DPR) is currently 6.06%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KGC shares. Weiss Ratings cut shares of Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. UBS Group cut their price objective on shares of Kinross Gold from $38.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Zacks Research upgraded shares of Kinross Gold from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Royal Bank Of Canada lowered their target price on shares of Kinross Gold from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.43.

About Kinross Gold

Kinross Gold Corporation is a Canadian gold mining company engaged in the acquisition, exploration, development and operation of gold properties. Its primary product is gold, which it produces through a portfolio of open-pit and underground mining operations, supported by processing facilities and related infrastructure.

The company’s operating portfolio spans the Americas and West Africa. Its assets include the Tasiast mine in Mauritania; the Paracatu mine in Brazil; the La Coipa mine in Chile; and the Fort Knox and Round Mountain mines in the United States.