TD Private Client Wealth LLC Has $417,000 Position in Kinross Gold Co. (NYSE:KGC)

TD Private Client Wealth LLC grew its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 107.0% during the third quarter, Holdings Channel reports. The firm owned 44,538 shares of the mining company’s stock after acquiring an additional 23,023 shares during the quarter. TD Private Client Wealth LLC’s holdings in Kinross Gold were worth $417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new stake in Kinross Gold in the second quarter worth approximately $40,000. Fifth Third Bancorp grew its position in shares of Kinross Gold by 3,524.4% during the 2nd quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after buying an additional 9,375 shares during the period. Blue Trust Inc. increased its stake in shares of Kinross Gold by 113.1% in the 2nd quarter. Blue Trust Inc. now owns 11,327 shares of the mining company’s stock valued at $94,000 after acquiring an additional 6,011 shares in the last quarter. Corundum Trust Company INC acquired a new position in shares of Kinross Gold during the 3rd quarter valued at $94,000. Finally, OneDigital Investment Advisors LLC bought a new position in Kinross Gold during the third quarter worth $94,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Trading Down 2.8 %

NYSE:KGC opened at $9.77 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. Kinross Gold Co. has a one year low of $4.75 and a one year high of $10.82. The company has a market cap of $12.01 billion, a PE ratio of 16.02, a PEG ratio of 0.44 and a beta of 1.21. The firm has a 50-day moving average of $10.00 and a 200-day moving average of $9.14.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.12 EPS. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. As a group, equities research analysts expect that Kinross Gold Co. will post 0.7 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold’s dividend payout ratio (DPR) is presently 19.67%.

Analysts Set New Price Targets

KGC has been the subject of several research analyst reports. Scotiabank lifted their price target on shares of Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group upped their price target on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Finally, StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $11.13.

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.