TD Private Client Wealth LLC Has $423,000 Stock Holdings in Kinross Gold Co. (NYSE:KGC)

TD Private Client Wealth LLC raised its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,617 shares of the mining company’s stock after acquiring an additional 1,079 shares during the period. TD Private Client Wealth LLC’s holdings in Kinross Gold were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in KGC. Jones Financial Companies Lllp grew its stake in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after acquiring an additional 1,412 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Kinross Gold in the 4th quarter worth $42,000. Global Retirement Partners LLC increased its holdings in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares during the period. Avior Wealth Management LLC raised its position in shares of Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after buying an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. bought a new stake in shares of Kinross Gold in the fourth quarter valued at about $92,000. 63.69% of the stock is owned by institutional investors.

Kinross Gold Trading Up 0.4 %

Shares of KGC opened at $12.21 on Tuesday. The stock has a 50 day simple moving average of $11.25 and a 200-day simple moving average of $10.30. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a market cap of $15.02 billion, a PE ratio of 15.85, a PEG ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 1 year low of $5.67 and a 1 year high of $12.39.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. On average, sell-side analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s payout ratio is 15.58%.

Wall Street Analysts Forecast Growth

Several research firms have commented on KGC. StockNews.com cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday. Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, CIBC lifted their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kinross Gold presently has a consensus rating of “Buy” and an average price target of $11.63.

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.