Mufg Securities Canada LTD. Acquires 786,088 Shares of Kinross Gold Co. (NYSE:KGC)

Mufg Securities Canada LTD. lifted its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 72.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,876,875 shares of the mining company's stock after acquiring an additional 786,088 shares during the period. Mufg Securities Canada LTD. owned approximately 0.15% of Kinross Gold worth $17,419,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings 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 buying an additional 44,610,091 shares during the period. First Eagle Investment Management LLC raised its holdings in Kinross Gold by 80.9% during the 4th quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company's stock valued at $116,898,000 after buying an additional 5,639,383 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Kinross Gold by 174.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 3,249,033 shares of the mining company's stock valued at $30,141,000 after buying an additional 2,065,693 shares during the period. Intact Investment Management Inc. lifted its stake in Kinross Gold by 4,059.9% in the fourth quarter. Intact Investment Management Inc. now owns 1,510,040 shares of the mining company's stock worth $14,022,000 after acquiring an additional 1,473,740 shares during the period. Finally, 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 acquiring an additional 1,398,225 shares in the last quarter. Institutional investors own 63.69% of the company's stock.

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Wall Street Analysts Forecast Growth

KGC has been the subject of several research analyst reports. 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 increased their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. One 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. Based on data from MarketBeat, Kinross Gold currently has a consensus rating of "Buy" and an average price target of $11.63.

Kinross Gold Stock Down 0.1 %

Shares of KGC stock traded down $0.02 during trading hours on Friday, hitting $12.50. 19,961,229 shares of the company's stock traded hands, compared to its average volume of 17,529,605. 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 stock has a market cap of $15.37 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.68 and a beta of 1.29. The stock's fifty day simple moving average is $11.40 and its two-hundred day simple moving average is $10.39. Kinross Gold Co. has a 12-month low of $6.13 and a 12-month high of $12.90.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS 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%. On average, analysts expect that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

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

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.