ExodusPoint Capital Management LP Decreases Position in Kinross Gold Co. (NYSE:KGC)

ExodusPoint Capital Management LP trimmed its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,045,452 shares of the mining company’s stock after selling 124,849 shares during the period. ExodusPoint Capital Management LP owned about 0.09% of Kinross Gold worth $9,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KGC. Massachusetts Financial Services Co. MA purchased a new stake in Kinross Gold during the 4th quarter valued at about $118,000. Groupama Asset Managment purchased a new stake in shares of Kinross Gold during the fourth quarter valued at approximately $207,000. Trexquant Investment LP grew its holdings in shares of Kinross Gold by 144.6% in the fourth quarter. Trexquant Investment LP now owns 2,023,864 shares of the mining company’s stock worth $18,761,000 after purchasing an additional 1,196,355 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Kinross Gold by 34.1% in the fourth quarter. Geode Capital Management LLC now owns 7,682,835 shares of the mining company’s stock worth $74,128,000 after buying an additional 1,952,552 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Kinross Gold by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 1,096,731 shares of the mining company’s stock valued at $10,173,000 after buying an additional 15,774 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KGC has been the topic of a number of recent analyst reports. Raymond James raised their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. CIBC upped their target price on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $12.30.

Kinross Gold Trading Down 6.7 %

KGC opened at $11.84 on Friday. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 52 week low of $6.20 and a 52 week high of $12.90. The stock has a market cap of $14.56 billion, a PE ratio of 15.37, a PEG ratio of 0.68 and a beta of 1.29. The business has a 50 day moving average of $11.60 and a 200-day moving average of $10.48.

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

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 15.58%.

Kinross Gold Company 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.