Toronto Dominion Bank Lowers Stake in Kinross Gold Co. (NYSE:KGC)

Toronto Dominion Bank reduced its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,916,461 shares of the mining company's stock after selling 162,029 shares during the period. Toronto Dominion Bank owned 0.16% of Kinross Gold worth $17,775,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Polar Asset Management Partners Inc. lifted its position in Kinross Gold by 93.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 185,313 shares of the mining company's stock valued at $1,718,000 after acquiring an additional 89,313 shares during the period. Quadcap Wealth Management LLC bought a new stake in Kinross Gold during the 4th quarter valued at about $438,000. Quantinno Capital Management LP increased its stake in Kinross Gold by 24.0% during the 4th quarter. Quantinno Capital Management LP now owns 45,921 shares of the mining company's stock valued at $426,000 after purchasing an additional 8,895 shares in the last quarter. Man Group plc increased its stake in Kinross Gold by 174.2% during the 4th quarter. Man Group plc now owns 9,243,267 shares of the mining company's stock valued at $85,685,000 after purchasing an additional 5,871,904 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in Kinross Gold during the 4th quarter valued at about $671,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Stock Performance

Shares of KGC stock traded up $0.24 during trading hours on Friday, reaching $14.72. The company had a trading volume of 16,990,220 shares, compared to its average volume of 18,268,799. The business has a fifty day moving average price of $13.72 and a 200-day moving average price of $11.59. Kinross Gold Co. has a one year low of $7.20 and a one year high of $15.96. The firm has a market cap of $18.11 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 0.68 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The business's revenue for the quarter was up 38.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. Sell-side analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, May 29th. This represents a $0.12 annualized dividend and a yield of 0.82%. Kinross Gold's dividend payout ratio (DPR) is 12.24%.

Analyst Ratings Changes

A number of analysts have weighed in on KGC shares. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Raymond James raised their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday, April 4th. Finally, National Bankshares restated an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $14.50.

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.