Kinross Gold Co. (NYSE:KGC) Shares Purchased by TD Asset Management Inc.

TD Asset Management Inc. grew its stake in shares of Kinross Gold Co. (NYSE:KGCGet Rating) (TSE:K) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,499,229 shares of the mining company’s stock after acquiring an additional 302,457 shares during the quarter. TD Asset Management Inc. owned about 0.52% of Kinross Gold worth $37,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of KGC. Geneos Wealth Management Inc. increased its holdings in shares of Kinross Gold by 4,360.5% during the third quarter. Geneos Wealth Management Inc. now owns 7,672 shares of the mining company’s stock valued at $40,000 after acquiring an additional 7,500 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Kinross Gold by 84.2% during the third quarter. Rockefeller Capital Management L.P. now owns 7,875 shares of the mining company’s stock valued at $42,000 after acquiring an additional 3,600 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Kinross Gold by 28.6% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 9,000 shares of the mining company’s stock valued at $52,000 after acquiring an additional 2,000 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Kinross Gold during the fourth quarter valued at about $57,000. Finally, TownSquare Capital LLC purchased a new stake in Kinross Gold in the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 56.58% of the company’s stock.

Shares of NYSE:KGC opened at $4.16 on Friday. Kinross Gold Co. has a 1 year low of $3.92 and a 1 year high of $8.34. The company has a current ratio of 3.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average price is $5.51 and its 200-day moving average price is $5.69.

Kinross Gold (NYSE:KGCGet Rating) (TSE:K) last announced its earnings results on Tuesday, May 10th. The mining company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Kinross Gold had a negative net margin of 12.88% and a positive return on equity of 6.27%. The business had revenue of $768.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business earned $0.15 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. Research analysts predict that Kinross Gold Co. will post 0.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, June 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.88%. Kinross Gold’s dividend payout ratio (DPR) is -33.33%.

KGC has been the topic of a number of recent research reports. Credit Suisse Group lowered Kinross Gold from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $7.00 to $5.25 in a research report on Thursday, March 3rd. CSFB set a $7.00 target price on Kinross Gold and gave the company an “outperform” rating in a research report on Thursday, February 17th. TD Securities dropped their target price on Kinross Gold from $8.50 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, March 3rd. Canaccord Genuity Group dropped their target price on Kinross Gold from C$10.50 to C$9.50 and set a “buy” rating on the stock in a research report on Thursday, March 3rd. Finally, StockNews.com began coverage on Kinross Gold in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $8.36.

Kinross Gold Profile (Get Rating)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

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Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)

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