Berkeley Capital Partners LLC Lowers Stake in Kinross Gold Co. (NYSE:KGC)

Berkeley Capital Partners LLC cut its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 14.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,374 shares of the mining company’s stock after selling 2,493 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Kinross Gold were worth $143,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KGC. Van ECK Associates Corp grew its stake in Kinross Gold by 62.2% in the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock valued at $1,078,330,000 after purchasing an additional 44,610,091 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Kinross Gold by 80.9% in the 4th quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company’s stock valued at $116,898,000 after buying an additional 5,639,383 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Kinross Gold in the 3rd quarter worth approximately $14,193,000. Intact Investment Management Inc. raised its stake in shares of Kinross Gold by 4,059.9% during the 4th quarter. Intact Investment Management Inc. now owns 1,510,040 shares of the mining company’s stock worth $14,022,000 after acquiring an additional 1,473,740 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company’s stock valued at $136,028,000 after acquiring an additional 1,398,225 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KGC shares. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a research report on Wednesday. CIBC upped their target price on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Friday, March 14th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $11.63.

Kinross Gold Stock Performance

Shares of KGC stock opened at $12.32 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The business has a fifty day moving average of $11.17 and a 200 day moving average of $10.23. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 1 year low of $5.64 and a 1 year high of $12.39.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. As a group, research analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.97%. Kinross Gold’s payout ratio is currently 15.58%.

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.