TD Waterhouse Canada Inc. Has $32.03 Million Stock Holdings in Kinross Gold Corporation $KGC

TD Waterhouse Canada Inc. grew its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 10.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,258,897 shares of the mining company’s stock after buying an additional 121,915 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Kinross Gold were worth $32,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AustralianSuper Pty Ltd increased its stake in shares of Kinross Gold by 50.6% in the third quarter. AustralianSuper Pty Ltd now owns 9,197,872 shares of the mining company’s stock valued at $228,227,000 after buying an additional 3,089,959 shares in the last quarter. Ballentine Partners LLC increased its position in Kinross Gold by 1.8% in the 3rd quarter. Ballentine Partners LLC now owns 32,144 shares of the mining company’s stock valued at $799,000 after acquiring an additional 565 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Kinross Gold in the third quarter worth about $31,000. Truist Financial Corp lifted its position in shares of Kinross Gold by 4.2% during the third quarter. Truist Financial Corp now owns 315,402 shares of the mining company’s stock worth $7,838,000 after purchasing an additional 12,757 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Kinross Gold by 3.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 103,611 shares of the mining company’s stock valued at $2,575,000 after purchasing an additional 3,295 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Up 0.6%

Shares of NYSE KGC opened at $38.10 on Thursday. Kinross Gold Corporation has a 52-week low of $10.32 and a 52-week high of $39.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.68 and a current ratio of 2.83. The stock has a market cap of $45.72 billion, a P/E ratio of 26.64, a P/E/G ratio of 0.44 and a beta of 0.75. The firm has a 50 day moving average price of $29.98 and a 200 day moving average price of $24.58.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Tuesday, November 4th. The mining company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. Kinross Gold had a net margin of 27.30% and a return on equity of 22.25%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the firm posted $0.24 earnings per share. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. Analysts expect that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 26th were paid a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a yield of 0.4%. Kinross Gold’s payout ratio is presently 9.79%.

Analyst Ratings Changes

Several research firms have issued reports on KGC. UBS Group upped their price objective on Kinross Gold from $33.00 to $37.50 and gave the stock a “buy” rating in a report on Friday, January 16th. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $33.00 price target on shares of Kinross Gold in a report on Sunday, December 7th. Desjardins assumed coverage on Kinross Gold in a report on Friday, November 28th. They set a “buy” rating for the company. Finally, CIBC raised their target price on shares of Kinross Gold from $37.00 to $38.50 and gave the company an “outperform” rating in a research note on Friday, January 16th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Kinross Gold has an average rating of “Moderate Buy” and an average price target of $32.19.

Kinross Gold Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.