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

Daiwa Securities Group Inc. boosted its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 152.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,426 shares of the mining company’s stock after buying 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 institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted 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 valued at $1,078,330,000 after acquiring an additional 44,610,091 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in 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 holdings in Kinross Gold by 0.7% in the 3rd 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 in the last quarter. The Manufacturers Life Insurance Company increased its position in Kinross Gold by 7.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,094,622 shares of the mining company’s stock worth $66,509,000 after purchasing an additional 480,568 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Kinross Gold by 13.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,846,119 shares of the mining company’s stock worth $63,495,000 after buying an additional 795,607 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $11.63 on Friday. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 15.10, 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 current ratio of 2.01 and a quick ratio of 0.83. The business’s 50 day simple moving average is $11.01 and its 200-day simple moving average is $10.14. Kinross Gold Co. has a 12 month low of $5.44 and a 12 month high of $12.28.

Kinross Gold (NYSE:KGC) (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 12.65% and a net margin of 18.43%. As a group, equities analysts forecast that Kinross Gold Co. will post 0.81 earnings per share 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 paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.03%. Kinross Gold’s payout ratio is 15.58%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KGC shares. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday. CIBC raised their target price on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $11.63.

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.