Comprehensive Money Management Services LLC Sells 2,000 Shares of Kinross Gold Corporation $KGC

Comprehensive Money Management Services LLC cut its stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,082 shares of the mining company’s stock after selling 2,000 shares during the quarter. Comprehensive Money Management Services LLC’s holdings in Kinross Gold were worth $501,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of Kinross Gold in the first quarter valued at $55,000. Farther Finance Advisors LLC lifted its stake in shares of Kinross Gold by 188.6% in the first quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company’s stock valued at $71,000 after buying an additional 3,659 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Kinross Gold in the first quarter valued at $77,000. SBI Securities Co. Ltd. lifted its stake in shares of Kinross Gold by 39.3% in the first quarter. SBI Securities Co. Ltd. now owns 6,339 shares of the mining company’s stock valued at $80,000 after buying an additional 1,787 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Kinross Gold by 19.1% in the second quarter. IFP Advisors Inc now owns 5,210 shares of the mining company’s stock valued at $81,000 after buying an additional 835 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

Kinross Gold Stock Down 0.2%

KGC opened at $24.24 on Friday. Kinross Gold Corporation has a fifty-two week low of $8.99 and a fifty-two week high of $25.91. The company’s 50-day moving average is $21.81 and its 200 day moving average is $17.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.84 and a quick ratio of 1.45. The firm has a market capitalization of $29.38 billion, a P/E ratio of 19.54, a PEG ratio of 0.78 and a beta of 0.64.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, July 30th. The mining company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. Research analysts expect that Kinross Gold Corporation will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, August 21st. Kinross Gold’s dividend payout ratio (DPR) is 9.68%.

Analyst Upgrades and Downgrades

KGC has been the topic of a number of recent research reports. Canaccord Genuity Group raised their price objective on shares of Kinross Gold from $28.00 to $29.50 and gave the company a “buy” rating in a research note on Thursday, August 7th. Raymond James Financial raised their price target on shares of Kinross Gold from $20.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday. National Bankshares reissued an “outperform” rating on shares of Kinross Gold in a research report on Tuesday, June 24th. Weiss Ratings reissued a “buy (a-)” rating on shares of Kinross Gold in a research report on Wednesday. Finally, UBS Group raised their price target on shares of Kinross Gold from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $25.19.

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.