Kinross Gold Co. (NYSE:KGC) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,878,101 shares of the mining company’s stock after selling 137,819 shares during the period. Two Sigma Advisers LP owned approximately 0.15% of Kinross Gold worth $17,579,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KGC. Atlas Capital Advisors LLC purchased a new position in shares of Kinross Gold during the 2nd quarter worth approximately $40,000. Fifth Third Bancorp increased its holdings in shares of Kinross Gold by 3,524.4% during the 2nd quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after buying an additional 9,375 shares during the last quarter. Blue Trust Inc. lifted its position in Kinross Gold by 113.1% during the second quarter. Blue Trust Inc. now owns 11,327 shares of the mining company’s stock valued at $94,000 after buying an additional 6,011 shares in the last quarter. Corundum Trust Company INC purchased a new stake in shares of Kinross Gold in the third quarter worth about $94,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in Kinross Gold during the 3rd quarter valued at $94,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KGC has been the topic of a number of recent analyst reports. Jefferies Financial Group upped their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Scotiabank increased their price objective on Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kinross Gold presently has a consensus rating of “Buy” and an average price target of $11.13.

Kinross Gold Stock Down 1.5 %

Shares of KGC stock opened at $9.75 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. The stock has a market cap of $11.98 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 0.44 and a beta of 1.21. The business’s fifty day moving average is $9.94 and its 200-day moving average is $9.08. 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 issued its quarterly 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 net margin of 15.23% and a return on equity of 11.49%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the business earned $0.12 earnings per share. Kinross Gold’s revenue for the quarter was up 29.9% compared to the same quarter last year. Equities analysts expect that Kinross Gold Co. will post 0.7 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be given a $0.03 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.12 annualized dividend and a yield of 1.23%. Kinross Gold’s dividend payout ratio (DPR) is 19.67%.

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.