Toronto Dominion Bank lowered its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 23.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,422,250 shares of the mining company’s stock after selling 1,621,212 shares during the quarter. Toronto Dominion Bank owned about 0.43% of Kinross Gold worth $20,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its stake in shares of Kinross Gold by 25.2% during the second quarter. Commonwealth Equity Services LLC now owns 2,389,722 shares of the mining company’s stock valued at $9,272,000 after acquiring an additional 481,674 shares during the period. Cetera Advisor Networks LLC acquired a new position in shares of Kinross Gold during the first quarter valued at approximately $69,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Kinross Gold by 24.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,499,958 shares of the mining company’s stock valued at $17,425,000 after acquiring an additional 873,800 shares during the period. Hillsdale Investment Management Inc. increased its stake in shares of Kinross Gold by 13,062.5% during the second quarter. Hillsdale Investment Management Inc. now owns 421,200 shares of the mining company’s stock valued at $1,626,000 after acquiring an additional 418,000 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Kinross Gold by 4,499.6% during the second quarter. Acadian Asset Management LLC now owns 2,320,244 shares of the mining company’s stock valued at $8,985,000 after acquiring an additional 2,269,800 shares during the period. Institutional investors own 54.86% of the company’s stock.

Kinross Gold stock traded up $0.05 during midday trading on Friday, reaching $4.73. The stock had a trading volume of 1,423,868 shares, compared to its average volume of 14,396,512. The firm’s fifty day simple moving average is $4.80 and its two-hundred day simple moving average is $3.81. Kinross Gold Co. has a twelve month low of $2.38 and a twelve month high of $5.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.88 and a quick ratio of 1.16. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 47.30 and a beta of -0.06.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, July 31st. The mining company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Kinross Gold had a net margin of 0.13% and a return on equity of 2.78%. The firm had revenue of $837.80 million during the quarter, compared to analyst estimates of $820.97 million. During the same quarter last year, the business posted $0.03 EPS. The company’s revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts predict that Kinross Gold Co. will post 0.26 EPS for the current fiscal year.

A number of research analysts recently commented on the stock. Raymond James reiterated an “outperform” rating and set a $5.00 price objective on shares of Kinross Gold in a research note on Friday, August 2nd. ValuEngine lowered shares of Kinross Gold from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank set a $4.00 target price on shares of Kinross Gold and gave the stock a “hold” rating in a report on Thursday, July 11th. Royal Bank of Canada restated a “hold” rating and set a $4.25 target price on shares of Kinross Gold in a report on Sunday, August 11th. Finally, Canaccord Genuity restated a “buy” rating on shares of Kinross Gold in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $4.02.

About Kinross Gold

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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Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)

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