Sumitomo Mitsui Trust Holdings Inc. Has $17.29 Million Position in Kinross Gold Co. (NYSE:KGC)

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,846,537 shares of the mining company's stock after purchasing an additional 124,055 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.23% of Kinross Gold worth $17,285,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KGC. Boston Partners boosted its holdings in Kinross Gold by 96.1% in the third quarter. Boston Partners now owns 11,736,328 shares of the mining company's stock worth $53,518,000 after purchasing an additional 5,752,397 shares in the last quarter. Triasima Portfolio Management inc. boosted its holdings in Kinross Gold by 110.4% during the fourth quarter. Triasima Portfolio Management inc. now owns 4,885,850 shares of the mining company's stock valued at $29,627,000 after acquiring an additional 2,563,850 shares during the period. Genus Capital Management Inc. bought a new stake in Kinross Gold during the third quarter valued at about $8,625,000. American Century Companies Inc. boosted its holdings in Kinross Gold by 24.9% during the third quarter. American Century Companies Inc. now owns 8,046,094 shares of the mining company's stock valued at $36,680,000 after acquiring an additional 1,603,951 shares during the period. Finally, Aviva PLC boosted its holdings in Kinross Gold by 504.7% during the third quarter. Aviva PLC now owns 1,399,423 shares of the mining company's stock valued at $6,399,000 after acquiring an additional 1,167,997 shares during the period. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Price Performance

NYSE:KGC traded up $0.09 during mid-day trading on Tuesday, hitting $6.56. The company's stock had a trading volume of 17,257,367 shares, compared to its average volume of 14,490,781. Kinross Gold Co. has a fifty-two week low of $4.32 and a fifty-two week high of $6.82. The company has a current ratio of 2.63, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.29 and a beta of 1.15. The stock has a fifty day moving average of $5.73 and a 200-day moving average of $5.62.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings results on Thursday, February 15th. The mining company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business posted $0.09 earnings per share. The company's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that Kinross Gold Co. will post 0.36 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.83%. The ex-dividend date was Tuesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KGC. National Bank Financial restated an "outperform overweight" rating on shares of Kinross Gold in a report on Monday, April 8th. StockNews.com upgraded shares of Kinross Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 2nd. TheStreet cut shares of Kinross Gold from a "b" rating to a "c+" rating in a research note on Friday, February 16th. Jefferies Financial Group increased their target price on shares of Kinross Gold from $5.00 to $6.00 and gave the company a "hold" rating in a research note on Monday. Finally, CIBC increased their target price on shares of Kinross Gold from $7.00 to $8.15 and gave the company an "outperform" rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $6.44.

Kinross Gold Company 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.