Kinross Gold Co. (NYSE:KGC) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings 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 & Exchange Commission. The institutional investor owned 187,426 shares of the mining company's stock after acquiring an additional 113,226 shares during the period. Daiwa Securities Group Inc.'s holdings in Kinross Gold were worth $1,737,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Van ECK Associates Corp increased its position in shares of Kinross Gold by 62.2% in the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock worth $1,078,330,000 after acquiring an additional 44,610,091 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Kinross Gold by 5.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,267,312 shares of the mining company's stock valued at $124,276,000 after purchasing an additional 642,007 shares during the period. National Bank of Canada FI boosted its stake in shares of Kinross Gold by 0.7% in the third quarter. National Bank of Canada FI now owns 9,612,585 shares of the mining company's stock valued at $90,022,000 after purchasing an additional 70,376 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Kinross Gold by 7.3% in the third quarter. The Manufacturers Life Insurance Company now owns 7,094,622 shares of the mining company's stock valued at $66,509,000 after purchasing an additional 480,568 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Kinross Gold by 13.1% in 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 purchasing an additional 795,607 shares during the period. Institutional investors and hedge funds own 63.69% of the company's stock.

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Kinross Gold Stock Up 3.3 %

NYSE KGC traded up $0.38 during trading hours on Monday, reaching $12.01. 20,198,843 shares of the company traded hands, compared to its average volume of 17,088,516. Kinross Gold Co. has a 12 month low of $5.44 and a 12 month high of $12.29. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $14.77 billion, a PE ratio of 15.60, a PEG ratio of 0.68 and a beta of 1.29. The company has a 50 day moving average of $11.06 and a two-hundred day moving average of $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 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. As a group, equities analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a $0.03 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.00%. Kinross Gold's payout ratio is currently 15.58%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. CIBC upped their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday. 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 stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $11.63.

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.