Capital Investment Advisory Services LLC Sells 24,154 Shares of Kinross Gold Co. (NYSE:KGC)

Capital Investment Advisory Services LLC decreased its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 64.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,259 shares of the mining company’s stock after selling 24,154 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Kinross Gold were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of KGC. Bruce G. Allen Investments LLC bought a new stake in Kinross Gold during the fourth quarter worth $26,000. CWM LLC grew its holdings in Kinross Gold by 353.2% during the third quarter. CWM LLC now owns 7,378 shares of the mining company’s stock worth $34,000 after buying an additional 5,750 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Kinross Gold during the fourth quarter worth $53,000. SCP Investment LP grew its stake in Kinross Gold by 59.3% in the 3rd quarter. SCP Investment LP now owns 18,800 shares of the mining company’s stock valued at $86,000 after purchasing an additional 7,000 shares during the period. Finally, Pearl River Capital LLC grew its stake in Kinross Gold by 17.9% in the 3rd quarter. Pearl River Capital LLC now owns 21,100 shares of the mining company’s stock valued at $96,000 after purchasing an additional 3,200 shares during the period. Institutional investors own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

KGC has been the subject of a number of recent analyst reports. StockNews.com upgraded Kinross Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Jefferies Financial Group upped their price objective on Kinross Gold from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Monday. CIBC upped their price objective on Kinross Gold from $7.00 to $8.15 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, TheStreet downgraded Kinross Gold from a “b” rating to a “c+” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Kinross Gold presently has an average rating of “Moderate Buy” and an average price target of $6.44.

Kinross Gold Stock Up 2.0 %

Shares of NYSE KGC opened at $6.74 on Friday. The business’s fifty day moving average price is $5.79 and its 200-day moving average price is $5.63. The stock has a market capitalization of $8.27 billion, a PE ratio of 19.81, a P/E/G ratio of 2.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.63 and a quick ratio of 0.95. Kinross Gold Co. has a one year low of $4.32 and a one year high of $6.82.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Thursday, February 15th. The mining company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Kinross Gold had a return on equity of 8.85% and a net margin of 9.82%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 EPS. On average, equities research analysts anticipate that Kinross Gold Co. will post 0.37 EPS for the current year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.78%. Kinross Gold’s dividend payout ratio (DPR) is 35.29%.

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.