Hussman Strategic Advisors Inc. Acquires 280,500 Shares of Kinross Gold Corporation (NYSE:KGC)

Hussman Strategic Advisors Inc. grew its stake in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 1,100.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 306,000 shares of the mining company's stock after buying an additional 280,500 shares during the quarter. Kinross Gold accounts for approximately 0.9% of Hussman Strategic Advisors Inc.'s portfolio, making the stock its 14th largest holding. Hussman Strategic Advisors Inc.'s holdings in Kinross Gold were worth $3,859,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Capital Investment Advisors LLC boosted its stake in shares of Kinross Gold by 3.1% during the first quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company's stock valued at $351,000 after purchasing an additional 850 shares during the period. Signaturefd LLC raised its holdings in Kinross Gold by 2.2% during the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock valued at $381,000 after buying an additional 865 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after buying an additional 1,002 shares during the period. TD Private Client Wealth LLC boosted its position in Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock valued at $423,000 after buying an additional 1,079 shares during the period. Finally, S.A. Mason LLC grew its holdings in Kinross Gold by 6.0% in the 1st quarter. S.A. Mason LLC now owns 22,250 shares of the mining company's stock worth $281,000 after acquiring an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KGC shares. Scotiabank upped their price objective on shares of Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 8th. Royal Bank Of Canada upped their price target on Kinross Gold from $14.00 to $19.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a report on Tuesday, June 24th. BMO Capital Markets started coverage on Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $18.00.

Kinross Gold Stock Down 0.9%

Shares of KGC traded down $0.14 on Friday, reaching $15.29. The stock had a trading volume of 14,167,468 shares, compared to its average volume of 18,660,155. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 2.83. Kinross Gold Corporation has a 12-month low of $7.84 and a 12-month high of $16.10. The firm has a market capitalization of $18.76 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 0.60 and a beta of 0.63. The company has a 50-day simple moving average of $15.11 and a 200-day simple moving average of $13.09.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. Kinross Gold had a return on equity of 15.63% and a net margin of 21.74%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. The firm's quarterly revenue was up 38.5% compared to the same quarter last year. Sell-side analysts predict that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 29th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. Kinross Gold's payout ratio is currently 12.24%.

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.