Kinross Gold Co. (NYSE:KGC) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lowered its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 8.8% in the fourth quarter, HoldingsChannel reports. The firm owned 37,610 shares of the mining company’s stock after selling 3,626 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Kinross Gold were worth $349,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Union Bancaire Privee UBP SA acquired a new position in shares of Kinross Gold in the fourth quarter worth $519,000. Blue Trust Inc. grew its stake in Kinross Gold by 9.6% during the 4th quarter. Blue Trust Inc. now owns 23,411 shares of the mining company’s stock worth $219,000 after purchasing an additional 2,060 shares in the last quarter. DGS Capital Management LLC increased its holdings in Kinross Gold by 29.1% during the 4th quarter. DGS Capital Management LLC now owns 19,088 shares of the mining company’s stock worth $177,000 after purchasing an additional 4,299 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Kinross Gold in the 4th quarter valued at about $1,696,000. Finally, Fiduciary Family Office LLC purchased a new position in shares of Kinross Gold in the 4th quarter valued at about $201,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KGC. Jefferies Financial Group boosted their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $11.13.

Kinross Gold Stock Performance

NYSE KGC opened at $11.12 on Thursday. The firm has a market cap of $13.67 billion, a P/E ratio of 18.24, a P/E/G ratio of 0.90 and a beta of 1.21. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $11.31. The business’s 50-day moving average price is $9.93 and its 200 day moving average price is $9.59. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted $0.12 EPS. The company’s revenue was up 29.9% on a year-over-year basis. On average, equities research analysts expect that Kinross Gold Co. will post 0.72 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.08%. Kinross Gold’s payout ratio is currently 19.67%.

Kinross Gold 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.