Mitsubishi UFJ Trust & Banking Corp Raises Position in Kinross Gold Co. (NYSE:KGC)

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 2,220.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 301,600 shares of the mining company’s stock after buying an additional 288,600 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kinross Gold were worth $2,806,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Citigroup Inc. boosted its holdings in Kinross Gold by 244.4% during the 3rd quarter. Citigroup Inc. now owns 433,061 shares of the mining company’s stock worth $4,062,000 after acquiring an additional 307,326 shares during the last quarter. Cerity Partners LLC boosted its holdings in Kinross Gold by 11.9% during the third quarter. Cerity Partners LLC now owns 84,628 shares of the mining company’s stock worth $792,000 after purchasing an additional 8,993 shares during the last quarter. FMR LLC grew its position in Kinross Gold by 18.0% in the 3rd quarter. FMR LLC now owns 2,896,047 shares of the mining company’s stock worth $27,131,000 after purchasing an additional 441,202 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Kinross Gold by 326.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,304,595 shares of the mining company’s stock valued at $12,211,000 after buying an additional 998,763 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Kinross Gold by 130.3% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 395,305 shares of the mining company’s stock worth $3,703,000 after buying an additional 223,641 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on KGC. StockNews.com downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. Finally, 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 report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Kinross Gold presently has an average rating of “Buy” and an average price target of $11.63.

Kinross Gold Trading Up 1.0 %

Shares of Kinross Gold stock opened at $12.62 on Tuesday. The stock has a market capitalization of $15.52 billion, a P/E ratio of 16.38, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 52-week low of $6.13 and a 52-week high of $12.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The stock’s 50-day simple moving average is $11.45 and its 200 day simple moving average is $10.42.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results 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, research analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s payout ratio is currently 15.58%.

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.