Sumitomo Mitsui Trust Group Inc. Acquires 60,470 Shares of Kinross Gold Co. (NYSE:KGC)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 104.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 118,197 shares of the mining company's stock after acquiring an additional 60,470 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in Kinross Gold were worth $1,096,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Strategic Financial Concepts LLC acquired a new position in shares of Kinross Gold in the fourth quarter valued at about $250,000. Choreo LLC acquired a new position in shares of Kinross Gold in the fourth quarter valued at about $170,000. S.A. Mason LLC grew its stake in shares of Kinross Gold by 250.0% in the fourth quarter. S.A. Mason LLC now owns 21,000 shares of the mining company's stock valued at $195,000 after acquiring an additional 15,000 shares in the last quarter. Valley National Advisers Inc. acquired a new position in shares of Kinross Gold in the fourth quarter valued at about $92,000. Finally, Caprock Group LLC lifted its position in Kinross Gold by 14.1% during the fourth quarter. Caprock Group LLC now owns 110,522 shares of the mining company's stock worth $1,025,000 after purchasing an additional 13,698 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KGC. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. CIBC upped their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Kinross Gold presently has a consensus rating of "Buy" and an average target price of $11.63.

Kinross Gold Price Performance

Shares of KGC stock traded down $0.06 on Tuesday, reaching $11.22. The company had a trading volume of 10,668,685 shares, compared to its average volume of 21,826,689. The stock has a market capitalization of $13.78 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a one year low of $4.75 and a one year high of $12.28. The business's 50-day moving average is $10.42 and its 200 day moving average is $9.86.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results 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 return on equity of 11.49% and a net margin of 15.23%. Equities research analysts forecast that Kinross Gold Co. will post 0.73 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.07%. Kinross Gold's dividend payout ratio (DPR) is presently 19.67%.

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.