Crossmark Global Holdings Inc. Reduces Holdings in Kinross Gold Corporation $KGC

Crossmark Global Holdings Inc. lowered its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 44.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,947 shares of the mining company’s stock after selling 25,969 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Kinross Gold were worth $928,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KGC. V Square Quantitative Management LLC bought a new position in Kinross Gold during the 4th quarter valued at approximately $26,000. Financial Management Professionals Inc. bought a new stake in shares of Kinross Gold in the 4th quarter worth approximately $26,000. Caitlin John LLC bought a new stake in shares of Kinross Gold in the 3rd quarter worth approximately $26,000. Virtus Advisers LLC purchased a new position in shares of Kinross Gold during the third quarter valued at approximately $28,000. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of Kinross Gold during the third quarter valued at approximately $29,000. Institutional investors own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

KGC has been the topic of a number of research analyst reports. Royal Bank Of Canada raised shares of Kinross Gold from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $36.00 to $45.00 in a research report on Thursday, March 12th. Wall Street Zen cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Canadian Imperial Bank of Commerce set a $54.00 target price on shares of Kinross Gold in a research note on Wednesday, February 4th. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 1st. Finally, Scotiabank increased their price target on shares of Kinross Gold from $32.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.81.

Kinross Gold Stock Down 1.5%

KGC stock opened at $31.25 on Thursday. The business has a 50 day moving average of $31.40 and a 200 day moving average of $30.40. The firm has a market cap of $37.31 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 1.15 and a beta of 0.73. Kinross Gold Corporation has a twelve month low of $13.28 and a twelve month high of $39.11. The company has a quick ratio of 1.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.08.

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

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, May 21st. Kinross Gold’s payout ratio is 6.78%.

Kinross Gold 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.