TD Private Client Wealth LLC Acquires 17,330 Shares of Kinross Gold Corporation (NYSE:KGC)

TD Private Client Wealth LLC grew its holdings in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 38.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,947 shares of the mining company's stock after buying an additional 17,330 shares during the period. TD Private Client Wealth LLC's holdings in Kinross Gold were worth $794,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KGC. US Bancorp DE boosted its holdings in shares of Kinross Gold by 33.7% during the 4th quarter. US Bancorp DE now owns 60,879 shares of the mining company's stock valued at $564,000 after buying an additional 15,358 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Kinross Gold by 109.3% in 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. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold in the 4th quarter worth about $42,000. Atria Investments Inc purchased a new position in shares of Kinross Gold in the 4th quarter worth about $139,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Kinross Gold in the 4th quarter worth about $6,842,000. Institutional investors own 63.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Scotiabank lifted their price target on Kinross Gold from $16.00 to $17.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 8th. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, June 24th. Finally, BMO Capital Markets initiated coverage on Kinross Gold in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. Two research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $17.00.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $15.34 on Thursday. Kinross Gold Corporation has a fifty-two week low of $7.84 and a fifty-two week high of $16.10. The business has a 50-day simple moving average of $15.02 and a two-hundred day simple moving average of $12.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 2.83. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Kinross Gold had a return on equity of 15.63% and a net margin of 21.74%. Kinross Gold's revenue was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 EPS. On average, analysts expect that Kinross Gold Corporation will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.78%. Kinross Gold's dividend payout ratio is currently 12.24%.

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.

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