Kinross Gold Co. (NYSE:KGC) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 18.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 730,485 shares of the mining company's stock after purchasing an additional 112,876 shares during the period. Thrivent Financial for Lutherans owned 0.06% of Kinross Gold worth $6,772,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KGC. Van ECK Associates Corp lifted its holdings in Kinross Gold by 62.2% during the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock worth $1,078,330,000 after buying an additional 44,610,091 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Kinross Gold by 10.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock valued at $136,028,000 after purchasing an additional 1,398,225 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Kinross Gold by 80.9% in the fourth quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company's stock valued at $116,898,000 after purchasing an additional 5,639,383 shares during the last quarter. National Bank of Canada FI raised its holdings in Kinross Gold by 0.7% during the third quarter. National Bank of Canada FI now owns 9,612,585 shares of the mining company's stock worth $90,022,000 after purchasing an additional 70,376 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Kinross Gold by 7.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,094,622 shares of the mining company's stock worth $66,509,000 after buying an additional 480,568 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

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Kinross Gold Stock Performance

KGC traded up $0.29 on Thursday, hitting $12.49. 15,444,670 shares of the company traded hands, compared to its average volume of 17,248,576. The company has a 50 day moving average of $11.32 and a 200-day moving average of $10.34. Kinross Gold Co. has a 12-month low of $5.71 and a 12-month high of $12.61. The stock has a market capitalization of $15.36 billion, a PE ratio of 16.21, a PEG ratio of 0.68 and a beta of 1.29. 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 - Get Free Report) TSE: K last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. Sell-side analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.96%. Kinross Gold's dividend payout ratio (DPR) is 15.58%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KGC. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. StockNews.com cut Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. CIBC upped their target price on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Kinross Gold has an average rating of "Buy" and an average price target of $11.63.

Kinross Gold 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.