Candriam SCA sells 11,179 shares of Kinross Gold Co. (NYSE:KGC)

Candriam SCA reduced its holdings in shares of Kinross Gold Co. (NYSE:KGC – Free Report) (TSE:K) by 29.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,386 shares of the mining company’s stock after selling 11,179 shares during the quarter. Candriam SCA’s holdings in Kinross Gold were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KGC. Atlas Capital Advisors LLC bought a new position in Kinross Gold in the second quarter valued at $40,000. Advisor Resource Council acquired a new position in shares of Kinross Gold in the first quarter valued at approximately $60,000. Sivia Capital Partners LLC bought a new position in Kinross Gold in the fourth quarter valued at approximately $63,000. Bright Futures Wealth Management LLC. purchased a new stake in Kinross Gold in the 1st quarter valued at about $70,000. Finally, Fifth Third Bancorp boosted its position in Kinross Gold by 3,524.4% during the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock valued at $80,000 after acquiring an additional 9,375 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s shares.

Changes in Analyst Ratings

KGC has been the subject of several research reports. Scotiabank lifted their price target on Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. CIBC boosted their target price on shares of Kinross Gold from $8.15 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. BMO Capital Markets upped their target price on shares of Kinross Gold from $10.00 to $11.50 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Finally, Jefferies Financial Group raised their price target on shares of Kinross Gold from $7.00 to $9.00 and gave the company a “hold” rating in a research report on Friday, July 12th . Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $9.33, based on data from MarketBeat.com.

Read the latest Kinross Gold stock report

Kinross Gold stock performance

Shares of KGC stock opened at $9.15 on Thursday. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 0.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52, and a current ratio of 1.27. Kinross Gold Co. it has a one year low of $4.32 and a one year high of $9.58. The company’s 50-day moving average is $8.86 and its 200-day moving average is $7.53.

Kinross Gold (NYSE:KGC – Get Your Free Report ) (TSE:K) last announced its quarterly earnings results on Wednesday, July 31st. The mining company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 9.32%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. In the same quarter last year, the company earned $0.14 per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts expect that Kinross Gold Co. to record 0.58 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were given a $0.03 dividend. This represents a dividend of $0.12 on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 22. Kinross Gold’s dividend payout ratio (DPR) is 33.33%.

About Kinross Gold

(Free Report)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration and development of gold properties primarily 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 Bald Mountain mines in Nevada, United States; the Paracatu mine in Brazil; the La Coipa and Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and Canada’s Great Bear Project.

Further reading

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