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

Thrivent Financial for Lutherans raised its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 18.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 730,485 shares of the mining company’s stock after buying an additional 112,876 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of Kinross Gold worth $6,772,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KGC. Cadence Wealth Management LLC raised its position in Kinross Gold by 1.8% during the fourth quarter. Cadence Wealth Management LLC now owns 84,267 shares of the mining company’s stock valued at $781,000 after acquiring an additional 1,488 shares in the last quarter. Signaturefd LLC grew its stake in shares of Kinross Gold by 2.2% during the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock worth $381,000 after purchasing an additional 865 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Kinross Gold during the 4th quarter valued at approximately $873,000. Natixis Advisors LLC lifted its stake in shares of Kinross Gold by 40.2% in the 4th quarter. Natixis Advisors LLC now owns 140,431 shares of the mining company’s stock valued at $1,302,000 after purchasing an additional 40,250 shares during the period. Finally, Catalyst Funds Management Pty Ltd boosted its holdings in Kinross Gold by 8.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 109,600 shares of the mining company’s stock worth $1,016,000 after buying an additional 8,100 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KGC. CIBC upped their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, StockNews.com lowered Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $11.63.

Kinross Gold Stock Down 1.3 %

KGC opened at $12.17 on Monday. The company has a market cap of $14.97 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a twelve month low of $5.67 and a twelve month high of $12.39. The company has a 50-day moving average price of $11.21 and a 200 day moving average price of $10.27. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, February 12th. The mining company reported $0.20 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%. Sell-side analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.99%. Kinross Gold’s payout ratio is currently 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.