Kinross Gold Co. (NYSE:KGC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 5.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,388,645 shares of the mining company’s stock after selling 180,213 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Kinross Gold were worth $31,456,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Tacita Capital Inc increased its position in shares of Kinross Gold by 6.4% during the fourth quarter. Tacita Capital Inc now owns 61,009 shares of the mining company’s stock valued at $565,000 after acquiring an additional 3,668 shares during the last quarter. Schechter Investment Advisors LLC grew its holdings in shares of Kinross Gold by 2.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock valued at $367,000 after purchasing an additional 1,080 shares in the last quarter. DJE Kapital AG acquired a new position in shares of Kinross Gold in the fourth quarter valued at approximately $3,723,000. Plato Investment Management Ltd grew its holdings in shares of Kinross Gold by 2.5% in the fourth quarter. Plato Investment Management Ltd now owns 295,350 shares of the mining company’s stock valued at $2,752,000 after purchasing an additional 7,247 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kinross Gold in the fourth quarter valued at approximately $42,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KGC has been the subject of a number of research reports. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Friday. CIBC lifted their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $11.63.

Kinross Gold Stock Up 2.0 %

Shares of Kinross Gold stock opened at $11.63 on Monday. Kinross Gold Co. has a 52-week low of $5.44 and a 52-week high of $12.28. The company has a 50 day moving average of $11.01 and a 200 day moving average of $10.15. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $14.29 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. As a group, research analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. Kinross Gold’s dividend payout ratio is presently 15.58%.

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.