TD Asset Management Inc. increased its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,785,165 shares of the mining company’s stock after buying an additional 398,424 shares during the period. TD Asset Management Inc.’s holdings in Kinross Gold Corporation were worth $31,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in Kinross Gold Corporation by 15.9% in the first quarter. Van ECK Associates Corp now owns 101,123,425 shares of the mining company’s stock worth $354,943,000 after buying an additional 13,902,629 shares in the last quarter. Artisan Partners Limited Partnership increased its position in Kinross Gold Corporation by 2.2% in the first quarter. Artisan Partners Limited Partnership now owns 40,401,930 shares of the mining company’s stock worth $141,811,000 after buying an additional 860,062 shares in the last quarter. Vanguard Group Inc. increased its position in Kinross Gold Corporation by 4.6% in the first quarter. Vanguard Group Inc. now owns 27,795,576 shares of the mining company’s stock worth $97,562,000 after buying an additional 1,218,910 shares in the last quarter. Bank of Montreal Can increased its position in Kinross Gold Corporation by 6.9% in the first quarter. Bank of Montreal Can now owns 17,931,932 shares of the mining company’s stock worth $62,941,000 after buying an additional 1,159,776 shares in the last quarter. Finally, Contrarius Investment Management Ltd increased its position in Kinross Gold Corporation by 63.8% in the first quarter. Contrarius Investment Management Ltd now owns 15,588,099 shares of the mining company’s stock worth $54,714,000 after buying an additional 6,071,866 shares in the last quarter. Hedge funds and other institutional investors own 60.85% of the company’s stock.

Kinross Gold Corporation (NYSE:KGC) opened at 4.25 on Friday. The stock’s 50 day moving average price is $4.09 and its 200 day moving average price is $3.88. The company has a market capitalization of $5.30 billion, a P/E ratio of 101.19 and a beta of 0.22. Kinross Gold Corporation has a 52 week low of $2.88 and a 52 week high of $5.47.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $868.60 million during the quarter, compared to analyst estimates of $825.02 million. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. Kinross Gold Corporation’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) earnings per share. Analysts anticipate that Kinross Gold Corporation will post $0.09 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.dailypolitical.com/2017/08/11/td-asset-management-inc-has-31-59-million-position-in-kinross-gold-corporation-kgc.html.

A number of research analysts have weighed in on KGC shares. TD Securities restated a “buy” rating and issued a $5.50 price target (up from $5.00) on shares of Kinross Gold Corporation in a research note on Thursday, May 4th. BidaskClub upgraded Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Berenberg Bank restated a “hold” rating and issued a $4.60 price target on shares of Kinross Gold Corporation in a research note on Friday, August 4th. Deutsche Bank AG restated a “hold” rating and issued a $4.00 price target (up from $3.80) on shares of Kinross Gold Corporation in a research note on Sunday, June 25th. Finally, Credit Suisse Group restated a “hold” rating and issued a $5.00 price target on shares of Kinross Gold Corporation in a research note on Thursday, April 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.99.

Kinross Gold Corporation Company Profile

Kinross Gold Corporation is a gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

Want to see what other hedge funds are holding KGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinross Gold Corporation (NYSE:KGC) (TSE:K).

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

Receive News & Ratings for Kinross Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold Corporation and related companies with MarketBeat.com's FREE daily email newsletter.