TD Waterhouse Canada Inc. Trims Stock Position in Kinross Gold Co. (NYSE:KGC)

TD Waterhouse Canada Inc. trimmed its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 1,132,942 shares of the mining company’s stock after selling 48,406 shares during the period. TD Waterhouse Canada Inc.’s holdings in Kinross Gold were worth $10,476,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after buying an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock valued at $40,000 after acquiring an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Kinross Gold during the 4th quarter worth about $42,000. Global Retirement Partners LLC raised its stake in Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after purchasing an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after purchasing an additional 5,140 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KGC has been the topic of several recent analyst reports. BMO Capital Markets initiated coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They set an “outperform” rating on the stock. CIBC lifted their price target on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Raymond James increased their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, April 4th. Scotiabank restated an “outperform” rating on shares of Kinross Gold in a report on Monday, April 14th. Finally, Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $13.30.

Kinross Gold Stock Up 1.1 %

Shares of NYSE:KGC opened at $14.96 on Tuesday. The stock has a 50-day simple moving average of $12.17 and a 200-day simple moving average of $10.87. The stock has a market capitalization of $18.41 billion, a P/E ratio of 19.43, a PEG ratio of 0.68 and a beta of 1.12. Kinross Gold Co. has a 1 year low of $6.34 and a 1 year 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) (TSE:K) last released its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. Equities analysts forecast 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. Investors of record on Wednesday, March 5th were issued a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.80%. Kinross Gold’s dividend payout ratio is currently 15.58%.

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.