Kinross Gold Co. (NYSE:KGC) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,132,942 shares of the mining company's stock after selling 48,406 shares during the quarter. TD Waterhouse Canada Inc. owned 0.09% of Kinross Gold worth $10,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in KGC. MML Investors Services LLC bought a new position in Kinross Gold in the third quarter worth about $201,000. Geode Capital Management LLC raised its holdings in Kinross Gold by 16.9% in the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company's stock worth $54,803,000 after purchasing an additional 828,456 shares in the last quarter. Te Ahumairangi Investment Management Ltd raised its holdings in Kinross Gold by 6.4% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 298,800 shares of the mining company's stock worth $2,786,000 after purchasing an additional 18,000 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Kinross Gold in the third quarter worth about $248,000. Finally, Tidal Investments LLC raised its holdings in Kinross Gold by 354.9% in the third quarter. Tidal Investments LLC now owns 48,068 shares of the mining company's stock worth $450,000 after purchasing an additional 37,502 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on KGC. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. National Bankshares restated an "outperform" rating on shares of Kinross Gold in a research note on Wednesday. Raymond James boosted their price target on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday, April 4th. Finally, BMO Capital Markets began coverage on Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $13.30.

Kinross Gold Stock Performance

NYSE KGC traded down $0.18 during trading hours on Friday, reaching $14.49. The stock had a trading volume of 15,371,924 shares, compared to its average volume of 17,802,177. The stock has a fifty day moving average of $12.43 and a 200 day moving average of $11.01. The stock has a market cap of $17.83 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. Kinross Gold Co. has a 52-week low of $6.42 and a 52-week high of $15.46. 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 issued its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Sell-side analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's payout ratio is presently 15.58%.

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.