Bailard Inc. Has $4.79 Million Stock Holdings in Kinross Gold Corporation $KGC

Bailard Inc. trimmed its holdings in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,000 shares of the mining company’s stock after selling 25,736 shares during the period. Bailard Inc.’s holdings in Kinross Gold were worth $4,787,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KGC. Van ECK Associates Corp lifted its position in shares of Kinross Gold by 7.8% in the third quarter. Van ECK Associates Corp now owns 107,960,623 shares of the mining company’s stock valued at $2,682,791,000 after buying an additional 7,825,336 shares during the last quarter. Man Group plc lifted its position in shares of Kinross Gold by 47.8% in the second quarter. Man Group plc now owns 16,739,969 shares of the mining company’s stock valued at $261,646,000 after buying an additional 5,411,491 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Kinross Gold by 81.2% in the second quarter. Bank of America Corp DE now owns 8,073,665 shares of the mining company’s stock valued at $126,191,000 after buying an additional 3,617,320 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Kinross Gold in the third quarter valued at approximately $80,299,000. Finally, AustralianSuper Pty Ltd lifted its position in shares of Kinross Gold by 50.6% in the third quarter. AustralianSuper Pty Ltd now owns 9,197,872 shares of the mining company’s stock valued at $228,227,000 after buying an additional 3,089,959 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Price Performance

Kinross Gold stock opened at $31.75 on Wednesday. The stock’s fifty day moving average price is $31.51 and its two-hundred day moving average price is $30.35. Kinross Gold Corporation has a one year low of $13.28 and a one year high of $39.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.84 and a quick ratio of 1.83. The firm has a market cap of $37.91 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.15 and a beta of 0.73.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.03. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the company posted $0.30 EPS. The company’s revenue for the quarter was up 60.8% compared to the same quarter last year. As a group, research analysts expect that Kinross Gold Corporation will post 2.9 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Kinross Gold’s dividend payout ratio (DPR) is 6.78%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KGC shares. Canadian Imperial Bank of Commerce set a $54.00 price objective on Kinross Gold in a research report on Wednesday, February 4th. Zacks Research cut Kinross Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Wall Street Zen cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Weiss Ratings lowered Kinross Gold from a “buy (a+)” rating to a “buy (a-)” rating in a research note on Friday, May 1st. Finally, UBS Group lowered their target price on Kinross Gold from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.81.

Kinross Gold Company Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.