Kinross Gold Co. (NYSE:KGC) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. decreased its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,860 shares of the mining company’s stock after selling 1,233 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Kinross Gold were worth $147,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of Kinross Gold by 62.2% during the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock worth $1,078,330,000 after purchasing an additional 44,610,091 shares during the period. National Bank of Canada FI boosted its stake in Kinross Gold by 0.7% in the 3rd quarter. National Bank of Canada FI now owns 9,612,585 shares of the mining company’s stock worth $90,022,000 after buying an additional 70,376 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Kinross Gold by 7.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,094,622 shares of the mining company’s stock valued at $66,509,000 after buying an additional 480,568 shares during the period. CIBC Asset Management Inc increased its stake in shares of Kinross Gold by 13.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,846,119 shares of the mining company’s stock valued at $63,495,000 after acquiring an additional 795,607 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Kinross Gold by 9.3% during the 4th quarter. Amundi now owns 5,794,489 shares of the mining company’s stock worth $53,715,000 after acquiring an additional 492,611 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

KGC has been the subject of several research analyst reports. National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. CIBC increased their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. StockNews.com downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Finally, Stifel Canada raised Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Kinross Gold has a consensus rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Stock Up 2.3 %

Shares of Kinross Gold stock opened at $12.49 on Friday. The company has a fifty day moving average price of $11.36 and a 200 day moving average price of $10.35. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a twelve month low of $5.93 and a twelve month high of $12.61. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its 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 net margin of 18.43% and a return on equity of 12.65%. Equities research analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.96%. Kinross Gold’s dividend payout ratio is currently 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.