Union Bancaire Privee UBP SA Sells 71,877 Shares of Kinross Gold Corporation $KGC

Union Bancaire Privee UBP SA lowered its position in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 729,400 shares of the mining company’s stock after selling 71,877 shares during the period. Union Bancaire Privee UBP SA’s holdings in Kinross Gold were worth $20,471,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Caitlin John LLC purchased a new position in Kinross Gold during the third quarter worth about $26,000. Virtus Advisers LLC purchased a new stake in Kinross Gold in the 3rd quarter valued at about $28,000. GPS Wealth Strategies Group LLC bought a new position in shares of Kinross Gold during the 3rd quarter worth approximately $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Kinross Gold during the 3rd quarter worth approximately $31,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Kinross Gold by 85.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company’s stock worth $32,000 after buying an additional 589 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Kinross Gold Stock Performance

NYSE:KGC opened at $27.43 on Friday. Kinross Gold Corporation has a 1 year low of $11.12 and a 1 year high of $39.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.35 and a quick ratio of 1.37. The business has a fifty day simple moving average of $33.80 and a two-hundred day simple moving average of $28.42. The company has a market capitalization of $32.85 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.42 and a beta of 0.73.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Wednesday, February 18th. The mining company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.12. Kinross Gold had a return on equity of 28.22% and a net margin of 33.90%.The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company earned $0.20 EPS. The firm’s quarterly revenue was up 42.9% compared to the same quarter last year. On average, analysts expect that Kinross Gold Corporation will post 0.81 earnings per share for the current year.

Kinross Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.04 per share. This is a boost from Kinross Gold’s previous quarterly dividend of $0.04. This represents a $0.16 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, March 11th. Kinross Gold’s dividend payout ratio (DPR) is 8.16%.

Analysts Set New Price Targets

KGC has been the subject of a number of research analyst reports. UBS Group set a $43.00 price target on Kinross Gold in a research report on Friday, January 30th. Royal Bank Of Canada upgraded Kinross Gold from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $36.00 to $45.00 in a research note on Thursday, March 12th. Wall Street Zen raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Desjardins started coverage on Kinross Gold in a research note on Friday, November 28th. They set a “buy” rating on the stock. Finally, Zacks Research downgraded shares of Kinross Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.56.

Kinross Gold Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.