Daiwa Securities Group Inc. lifted its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 152.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,426 shares of the mining company's stock after buying an additional 113,226 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Kinross Gold were worth $1,737,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. 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 valued at $1,078,330,000 after purchasing an additional 44,610,091 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Kinross Gold in the 3rd quarter valued at about $14,193,000. Toronto Dominion Bank lifted its position in Kinross Gold by 115.7% during the third quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company's stock worth $19,455,000 after acquiring an additional 1,114,801 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Kinross Gold by 326.6% during the third quarter. BNP Paribas Financial Markets now owns 1,304,595 shares of the mining company's stock worth $12,211,000 after acquiring an additional 998,763 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Kinross Gold by 16.9% in the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company's stock valued at $54,803,000 after purchasing an additional 828,456 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.
Kinross Gold Price Performance
Shares of NYSE:KGC traded down $0.02 during trading on Tuesday, reaching $12.01. 19,163,642 shares of the company traded hands, compared to its average volume of 17,176,400. The firm has a market capitalization of $14.76 billion, a PE ratio of 15.59, a PEG ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 52 week low of $5.44 and a 52 week high of $12.39. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The company's 50 day moving average is $11.06 and its two-hundred day moving average is $10.18.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data 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%. As a group, sell-side analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.
Kinross Gold Dividend Announcement
The firm also recently announced 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. This represents a $0.12 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, March 5th. Kinross Gold's payout ratio is presently 15.58%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday. CIBC boosted their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $11.63.
Read Our Latest Stock Report on KGC
About Kinross Gold
(
Free Report)
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.
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