Toronto Dominion Bank Sells 162,029 Shares of Kinross Gold Co. (NYSE:KGC)

Toronto Dominion Bank lowered its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 7.8% in the 4th quarter, according to its most recent 13F filing with the 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 about 0.16% of Kinross Gold worth $17,775,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Kinross Gold by 62.2% in the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock worth $1,078,330,000 after acquiring an additional 44,610,091 shares during the period. Vanguard Group Inc. lifted its holdings in Kinross Gold by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock worth $439,881,000 after purchasing an additional 763,248 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Kinross Gold by 10.9% in the 4th quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock worth $304,633,000 after purchasing an additional 3,224,455 shares during the period. Norges Bank purchased a new stake in Kinross Gold during the 4th quarter valued at approximately $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 valued at $136,028,000 after buying an additional 1,398,225 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KGC shares. CIBC restated an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Raymond James raised their price target on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $13.90.

Kinross Gold Stock Up 1.8%

Shares of NYSE KGC opened at $13.95 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 12-month low of $7.20 and a 12-month high of $15.96. The firm's 50-day moving average price is $13.49 and its 200-day moving average price is $11.47. The stock has a market capitalization of $17.16 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 0.68 and a beta of 0.64.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The company's quarterly revenue was up 38.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. On average, equities research analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is 12.24%.

Kinross Gold 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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