Magnetar Financial LLC Has $504,000 Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Magnetar Financial LLC lessened its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 68.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,378 shares of the mining company’s stock after selling 116,189 shares during the quarter. Magnetar Financial LLC’s holdings in Kinross Gold were worth $504,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after purchasing an additional 1,412 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold during the 4th quarter valued at $42,000. Global Retirement Partners LLC boosted its holdings in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after acquiring an additional 4,788 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after acquiring an additional 5,140 shares in the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in shares of Kinross Gold during the 4th quarter valued at $92,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday. CIBC raised their price objective on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Stifel Canada raised Kinross Gold to a “strong-buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kinross Gold presently has a consensus rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Stock Down 1.3 %

Shares of KGC opened at $12.17 on Friday. The stock’s 50-day moving average price is $11.21 and its two-hundred day moving average price is $10.26. Kinross Gold Co. has a 12 month low of $5.67 and a 12 month high of $12.39. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $14.97 billion, a PE ratio of 15.80, a PEG ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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%. On average, analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Wednesday, March 5th. Kinross Gold’s payout ratio is 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.