DORCHESTER WEALTH MANAGEMENT Co Sells 3,200 Shares of Kinross Gold Co. (NYSE:KGC)

DORCHESTER WEALTH MANAGEMENT Co reduced its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,750 shares of the mining company’s stock after selling 3,200 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Kinross Gold were worth $434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capstone Investment Advisors LLC acquired a new position in Kinross Gold in the 3rd quarter worth about $774,000. Mediolanum International Funds Ltd acquired a new position in Kinross Gold in the 4th quarter worth about $2,506,000. International Assets Investment Management LLC acquired a new position in Kinross Gold in the 3rd quarter worth about $780,000. Geode Capital Management LLC increased its holdings in Kinross Gold by 16.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after purchasing an additional 828,456 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Kinross Gold by 25.7% in the 3rd quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock worth $3,186,000 after purchasing an additional 69,520 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

KGC has been the subject of a number of recent research reports. CIBC upped their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Kinross Gold has an average rating of “Buy” and an average price target of $11.63.

Kinross Gold Trading Down 5.0 %

Shares of KGC stock opened at $10.97 on Friday. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.68 and a beta of 1.24. The stock has a 50-day moving average of $10.52 and a 200-day moving average of $9.92. The company has a current ratio of 2.01, a quick ratio of 0.83 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 $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results 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 net margin of 18.43% and a return on equity of 12.65%. On average, equities research analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.09%. Kinross Gold’s dividend payout ratio is currently 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.