Kinross Gold Co. (NYSE:KGC) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 2,220.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 301,600 shares of the mining company's stock after buying an additional 288,600 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Kinross Gold were worth $2,806,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Van ECK Associates Corp boosted its stake in Kinross Gold by 62.2% in 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. First Eagle Investment Management LLC boosted its position in shares of 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 worth $116,898,000 after acquiring an additional 5,639,383 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in Kinross Gold by 174.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 3,249,033 shares of the mining company's stock valued at $30,141,000 after purchasing an additional 2,065,693 shares during the period. Intact Investment Management Inc. increased its position in Kinross Gold by 4,059.9% during the fourth quarter. Intact Investment Management Inc. now owns 1,510,040 shares of the mining company's stock worth $14,022,000 after purchasing an additional 1,473,740 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock worth $136,028,000 after purchasing an additional 1,398,225 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

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Kinross Gold Stock Down 6.7 %

Shares of KGC stock traded down $0.86 during trading hours on Friday, reaching $11.84. The company had a trading volume of 36,493,760 shares, compared to its average volume of 17,618,870. The company has a market capitalization of $14.56 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. Kinross Gold Co. has a twelve month low of $6.20 and a twelve month high of $12.90. The stock's fifty day simple moving average is $11.60 and its 200 day simple moving average is $10.49.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.01%. Kinross Gold's dividend payout ratio is currently 15.58%.

Analysts Set New Price Targets

Several analysts have recently issued reports on KGC shares. Raymond James boosted their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday. Finally, CIBC raised their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $12.30.

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.