Thrivent Financial for Lutherans Boosts Stock Position in Kinross Gold Co. (NYSE:KGC)

Thrivent Financial for Lutherans increased its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 18.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 730,485 shares of the mining company’s stock after buying an additional 112,876 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kinross Gold were worth $6,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KGC. Signaturefd LLC increased its stake in shares of Kinross Gold by 2.2% in the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock worth $381,000 after acquiring an additional 865 shares during the last quarter. Schechter Investment Advisors LLC increased its position in Kinross Gold by 2.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock worth $367,000 after purchasing an additional 1,080 shares during the last quarter. Atomi Financial Group Inc. raised its stake in Kinross Gold by 4.9% during the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock worth $219,000 after purchasing an additional 1,106 shares during the period. Jones Financial Companies Lllp boosted its holdings in Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after purchasing an additional 1,412 shares during the last quarter. Finally, Cadence Wealth Management LLC grew its stake in shares of Kinross Gold by 1.8% in the 4th quarter. Cadence Wealth Management LLC now owns 84,267 shares of the mining company’s stock valued at $781,000 after buying an additional 1,488 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Down 1.3 %

Shares of NYSE KGC opened at $12.17 on Monday. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $11.21 and its two-hundred day moving average is $10.27. Kinross Gold Co. has a 52-week low of $5.67 and a 52-week high of $12.39. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) 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%. Research analysts predict that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.99%. Kinross Gold’s dividend payout ratio is presently 15.58%.

Analyst Ratings Changes

KGC has been the topic of a number of recent analyst reports. StockNews.com cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday. CIBC upped their price target on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $11.63.

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.