Kinross Gold Co. (NYSE:KGC) is Ruffer LLP’s 10th Largest Position

Ruffer LLP lowered its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 31.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,427,970 shares of the mining company’s stock after selling 3,371,979 shares during the quarter. Kinross Gold comprises about 2.5% of Ruffer LLP’s holdings, making the stock its 10th largest position. Ruffer LLP owned approximately 0.60% of Kinross Gold worth $68,859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KGC. Private Advisor Group LLC boosted its stake in shares of Kinross Gold by 8.7% in the third quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock valued at $115,000 after buying an additional 981 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Kinross Gold by 9.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company’s stock valued at $241,000 after acquiring an additional 2,200 shares during the last quarter. US Bancorp DE raised its position in shares of Kinross Gold by 33.4% in the third quarter. US Bancorp DE now owns 45,521 shares of the mining company’s stock valued at $426,000 after buying an additional 11,394 shares during the last quarter. Fiera Capital Corp acquired a new stake in shares of Kinross Gold during the third quarter worth $99,000. Finally, Entropy Technologies LP acquired a new stake in Kinross Gold in the 3rd quarter worth about $1,259,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KGC shares. StockNews.com lowered Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. CIBC lifted their price objective on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.63.

Kinross Gold Stock Up 0.1 %

Shares of NYSE KGC opened at $11.16 on Friday. The stock has a fifty day moving average price of $10.84 and a 200 day moving average price of $10.07. The company has a market cap of $13.71 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 12-month low of $5.32 and a 12-month high of $12.28. 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 (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Research analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.08%. 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.