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

Daiwa Securities Group Inc. boosted its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 152.6% in the 4th quarter, according to its most recent 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.

A number of other large investors also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of Kinross Gold by 62.2% during 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 purchasing an additional 44,610,091 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Kinross Gold during the 3rd quarter worth about $14,193,000. Toronto Dominion Bank increased its holdings in shares of Kinross Gold by 115.7% in the 3rd quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock valued at $19,455,000 after acquiring an additional 1,114,801 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Kinross Gold by 326.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,304,595 shares of the mining company’s stock worth $12,211,000 after acquiring an additional 998,763 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Kinross Gold by 16.9% during the 3rd quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after acquiring an additional 828,456 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KGC shares. CIBC increased their price target 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 report on Friday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Price Performance

Shares of NYSE KGC opened at $11.63 on Friday. The stock has a market cap of $14.29 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a twelve month low of $5.44 and a twelve month high of $12.28. The stock has a 50 day moving average of $11.01 and a two-hundred day moving average of $10.14. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last announced 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 net margin of 18.43% and a return on equity of 12.65%. On average, research analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. Kinross Gold’s dividend payout ratio (DPR) is 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.