Euro Pacific Asset Management LLC Decreases Stake in Kinross Gold Co. (NYSE:KGC)

Euro Pacific Asset Management LLC decreased its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,584,211 shares of the mining company’s stock after selling 160,074 shares during the period. Kinross Gold comprises about 2.0% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. Euro Pacific Asset Management LLC’s holdings in Kinross Gold were worth $9,549,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KGC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Kinross Gold by 48.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 114,607 shares of the mining company’s stock worth $674,000 after purchasing an additional 37,610 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Kinross Gold by 11.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,122,543 shares of the mining company’s stock worth $18,361,000 after purchasing an additional 325,896 shares during the last quarter. Sei Investments Co. lifted its position in shares of Kinross Gold by 72.1% during the first quarter. Sei Investments Co. now owns 27,464 shares of the mining company’s stock worth $161,000 after purchasing an additional 11,505 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Kinross Gold by 39.6% during the first quarter. Canada Pension Plan Investment Board now owns 1,445,200 shares of the mining company’s stock worth $8,493,000 after purchasing an additional 410,300 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Kinross Gold by 10.0% during the first quarter. Allianz Asset Management GmbH now owns 5,377,889 shares of the mining company’s stock worth $31,603,000 after purchasing an additional 487,613 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

NYSE KGC traded up $0.11 on Thursday, hitting $6.53. The stock had a trading volume of 9,726,218 shares, compared to its average volume of 14,088,590. Kinross Gold Co. has a one year low of $4.32 and a one year high of $6.81. The company has a quick ratio of 0.95, a current ratio of 2.63 and a debt-to-equity ratio of 0.36. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 2.18 and a beta of 1.15. The company’s 50-day moving average is $5.61 and its two-hundred day moving average is $5.55.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Thursday, February 15th. The mining company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. Kinross Gold’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts expect that Kinross Gold Co. will post 0.36 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KGC. Jefferies Financial Group began coverage on shares of Kinross Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $5.00 price target on the stock. CIBC increased their price target on shares of Kinross Gold from $7.00 to $8.15 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. TheStreet downgraded Kinross Gold from a “b” rating to a “c+” rating in a research note on Friday, February 16th. StockNews.com upgraded Kinross Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Kinross Gold presently has an average rating of “Moderate Buy” and an average target price of $6.28.

About Kinross Gold

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.