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

TD Private Client Wealth LLC boosted its holdings in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 38.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,947 shares of the mining company's stock after purchasing an additional 17,330 shares during the quarter. TD Private Client Wealth LLC's holdings in Kinross Gold were worth $794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Kinross Gold by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock worth $439,881,000 after buying an additional 763,248 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Kinross Gold by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock worth $304,633,000 after buying an additional 3,224,455 shares in the last quarter. Norges Bank bought a new stake in Kinross Gold during the fourth quarter valued at $280,697,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock worth $136,028,000 after buying an additional 1,398,225 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Kinross Gold by 21.2% in the 4th quarter. Mackenzie Financial Corp now owns 13,951,818 shares of the mining company's stock worth $129,435,000 after acquiring an additional 2,438,445 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Kinross Gold Stock Performance

Shares of KGC stock traded up $0.01 during trading hours on Thursday, reaching $15.33. The company had a trading volume of 11,817,035 shares, compared to its average volume of 18,760,591. 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 business has a fifty day moving average price of $15.02 and a 200-day moving average price of $12.84. Kinross Gold Corporation has a one year low of $7.84 and a one year high of $16.10. The firm has a market cap of $18.80 billion, a PE ratio of 15.64, 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 announced its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, beating 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 net margin of 21.74% and a return on equity of 15.63%. The company's quarterly revenue was up 38.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. Sell-side analysts predict that Kinross Gold Corporation will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

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%.

Analyst Upgrades and Downgrades

KGC has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Scotiabank lifted their target price on shares of Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 8th. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, June 24th. BMO Capital Markets began coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $17.00.

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.