Hussman Strategic Advisors Inc. Sells 153,000 Shares of Kinross Gold Corporation $KGC

Hussman Strategic Advisors Inc. trimmed its position in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 75.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,000 shares of the mining company’s stock after selling 153,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Kinross Gold were worth $1,267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Truist Financial Corp boosted its holdings in shares of Kinross Gold by 4.2% during the 3rd quarter. Truist Financial Corp now owns 315,402 shares of the mining company’s stock valued at $7,838,000 after buying an additional 12,757 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Kinross Gold by 3.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 103,611 shares of the mining company’s stock valued at $2,575,000 after acquiring an additional 3,295 shares during the period. Trek Financial LLC bought a new stake in Kinross Gold during the third quarter worth about $742,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its holdings in Kinross Gold by 16.9% in the third quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 72,700 shares of the mining company’s stock worth $1,805,000 after purchasing an additional 10,500 shares during the period. Finally, Dynasty Wealth Management LLC grew its holdings in Kinross Gold by 185.4% in the third quarter. Dynasty Wealth Management LLC now owns 226,215 shares of the mining company’s stock worth $5,621,000 after purchasing an additional 146,955 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Trading Up 0.6%

Shares of NYSE:KGC opened at $38.10 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.83 and a quick ratio of 1.68. Kinross Gold Corporation has a 1 year low of $10.32 and a 1 year high of $39.11. The company has a market cap of $45.72 billion, a P/E ratio of 26.64, a PEG ratio of 0.44 and a beta of 0.75. The stock’s fifty day moving average price is $29.98 and its 200-day moving average price is $24.58.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Tuesday, November 4th. The mining company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.72 billion. Kinross Gold had a return on equity of 22.25% and a net margin of 27.30%.Kinross Gold’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 EPS. Sell-side analysts expect that Kinross Gold Corporation will post 0.81 earnings per share for the current year.

Kinross Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th were paid a $0.035 dividend. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, November 26th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.4%. Kinross Gold’s dividend payout ratio (DPR) is 9.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (a)” rating on shares of Kinross Gold in a report on Friday, October 31st. TD Securities lifted their price objective on Kinross Gold from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Zacks Research cut Kinross Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. UBS Group lifted their price target on Kinross Gold from $33.00 to $37.50 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, CIBC upped their price target on shares of Kinross Gold from $37.00 to $38.50 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.19.

About Kinross Gold

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.