Euro Pacific Asset Management LLC Sells 65,300 Shares of Kinross Gold Co. (NYSE:KGC)

Euro Pacific Asset Management LLC decreased its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,388,343 shares of the mining company’s stock after selling 65,300 shares during the quarter. Kinross Gold accounts for about 2.4% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 15th biggest position. Euro Pacific Asset Management LLC’s holdings in Kinross Gold were worth $13,113,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Private Advisor Group LLC grew its position in Kinross Gold by 8.7% during the third quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock worth $115,000 after buying an additional 981 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Kinross Gold by 2.7% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock worth $447,000 after purchasing an additional 1,235 shares in the last quarter. Cetera Advisors LLC increased its position in shares of Kinross Gold by 10.1% during the first quarter. Cetera Advisors LLC now owns 19,873 shares of the mining company’s stock valued at $122,000 after purchasing an additional 1,828 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Kinross Gold by 18.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock valued at $119,000 after purchasing an additional 2,180 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Kinross Gold by 9.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company’s stock valued at $241,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. Jefferies Financial Group lifted their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, Scotiabank increased their price target on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.00.

Kinross Gold Price Performance

Shares of Kinross Gold stock opened at $9.25 on Friday. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 0.46 and a beta of 1.22. The firm’s 50-day moving average price is $9.81 and its two-hundred day moving average price is $8.80. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 1-year low of $4.75 and a 1-year high of $10.82.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, topping 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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.12 EPS. Kinross Gold’s revenue was up 29.9% compared to the same quarter last year. On average, equities analysts predict that Kinross Gold Co. will post 0.69 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.30%. Kinross Gold’s dividend payout ratio (DPR) is presently 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.