4,552 Shares in Kinross Gold Co. (NYSE:KGC) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. bought a new position in Kinross Gold Co. (NYSE:KGC) (TSE:K) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,552 shares of the mining company’s stock, valued at approximately $42,000.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Kinross Gold by 9.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company’s stock worth $241,000 after purchasing an additional 2,200 shares during the period. US Bancorp DE raised its holdings in Kinross Gold by 33.4% in the third quarter. US Bancorp DE now owns 45,521 shares of the mining company’s stock worth $426,000 after buying an additional 11,394 shares during the last quarter. Entropy Technologies LP purchased a new position in Kinross Gold in the third quarter worth about $1,259,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Kinross Gold by 44.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 57,727 shares of the mining company’s stock valued at $540,000 after purchasing an additional 17,677 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new position in shares of Kinross Gold during the third quarter valued at approximately $2,699,000. 63.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KGC has been the subject of a number of research reports. CIBC upped their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. StockNews.com lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.63.

Kinross Gold Trading Up 5.8 %

Shares of KGC opened at $11.18 on Wednesday. Kinross Gold Co. has a twelve month low of $5.36 and a twelve month high of $12.28. The company has a market cap of $13.74 billion, a P/E ratio of 14.51, a P/E/G ratio of 0.68 and a beta of 1.29. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $10.91 and its 200-day simple moving average is $10.10.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly 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%. As a group, analysts expect that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s payout ratio 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.