Toronto Dominion Bank Has $58.42 Million Stock Position in Kinross Gold Co. (NYSE:KGC)
Toronto Dominion Bank lifted its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 133.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,093,314 shares of the mining company’s stock after acquiring an additional 4,630,191 shares during the period. Toronto Dominion Bank owned approximately 0.64% of Kinross Gold worth $58,421,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in KGC. Hussman Strategic Advisors Inc. raised its stake in Kinross Gold by 0.4% in the 2nd quarter. Hussman Strategic Advisors Inc. now owns 401,750 shares of the mining company’s stock worth $2,901,000 after purchasing an additional 1,750 shares in the last quarter. Sicart Associates LLC increased its holdings in shares of Kinross Gold by 7.0% during the second quarter. Sicart Associates LLC now owns 45,900 shares of the mining company’s stock worth $331,000 after purchasing an additional 3,000 shares during the period. Brighton Jones LLC increased its holdings in shares of Kinross Gold by 35.4% during the second quarter. Brighton Jones LLC now owns 15,286 shares of the mining company’s stock worth $110,000 after purchasing an additional 4,000 shares during the period. Comerica Bank raised its position in shares of Kinross Gold by 6.8% in the second quarter. Comerica Bank now owns 65,657 shares of the mining company’s stock valued at $557,000 after buying an additional 4,167 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Kinross Gold in the second quarter valued at approximately $30,000. 53.20% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. BofA Securities raised Kinross Gold from a “neutral” rating to a “buy” rating and set a $11.25 price objective for the company in a report on Wednesday, August 5th. TD Securities upped their price objective on shares of Kinross Gold from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Raymond James increased their price objective on shares of Kinross Gold from $9.50 to $10.50 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Credit Suisse Group restated a “hold” rating and issued a $8.50 target price on shares of Kinross Gold in a research report on Wednesday, July 29th. Finally, ValuEngine raised shares of Kinross Gold from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $9.53.
Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Kinross Gold had a return on equity of 11.03% and a net margin of 23.96%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. Sell-side analysts anticipate that Kinross Gold Co. will post 0.68 EPS for the current fiscal year.
Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.
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