Hussman Strategic Advisors Inc. Lowers Position in Kinross Gold Co. (NYSE:KGC)

Hussman Strategic Advisors Inc. decreased its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 85.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,500 shares of the mining company’s stock after selling 153,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Kinross Gold were worth $236,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Global Retirement Partners LLC raised its stake in Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after buying an additional 4,788 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in Kinross Gold during the fourth quarter valued at $666,000. D.A. Davidson & CO. purchased a new position in Kinross Gold during the fourth quarter valued at $142,000. Truist Financial Corp raised its stake in Kinross Gold by 48.2% during the fourth quarter. Truist Financial Corp now owns 302,057 shares of the mining company’s stock valued at $2,800,000 after buying an additional 98,196 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in Kinross Gold by 13.1% during the fourth quarter. CIBC Asset Management Inc now owns 6,846,119 shares of the mining company’s stock valued at $63,495,000 after buying an additional 795,607 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analyst Ratings Changes

KGC has been the subject of a number of recent research reports. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. CIBC lifted their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Stock Up 1.7 %

Kinross Gold stock opened at $11.54 on Friday. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.67 and a beta of 1.24. The stock has a fifty day simple moving average of $10.46 and a two-hundred day simple moving average of $9.89. Kinross Gold Co. has a 12 month low of $4.75 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 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. Equities analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.04%. Kinross Gold’s dividend 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.