Mufg Securities Canada LTD. Increases Stock Position in Kinross Gold Co. (NYSE:KGC)

Mufg Securities Canada LTD. boosted its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 72.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,876,875 shares of the mining company’s stock after buying an additional 786,088 shares during the quarter. Mufg Securities Canada LTD. owned approximately 0.15% of Kinross Gold worth $17,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Jones Financial Companies Lllp lifted its stake in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after purchasing an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock valued at $40,000 after buying an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold in the 4th quarter worth approximately $42,000. Global Retirement Partners LLC lifted its position in Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after acquiring an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after acquiring an additional 5,140 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

NYSE KGC opened at $12.30 on Wednesday. Kinross Gold Co. has a fifty-two week low of $5.67 and a fifty-two week high of $12.59. 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 firm has a market capitalization of $15.13 billion, a P/E ratio of 15.97, a PEG ratio of 0.68 and a beta of 1.29. The stock has a 50-day simple moving average of $11.29 and a two-hundred day simple moving average of $10.32.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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%. On average, equities analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.98%. Kinross Gold’s dividend payout ratio is presently 15.58%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. CIBC raised their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, StockNews.com lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $11.63.

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.