Kinross Gold Corporation (NYSE:KGC) (TSE:K) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.
A number of other analysts also recently weighed in on the company. Jefferies Group LLC set a $4.00 price objective on Kinross Gold Corporation and gave the company a “hold” rating in a report on Tuesday, March 14th. Credit Suisse Group reaffirmed a “hold” rating and set a $5.00 price target on shares of Kinross Gold Corporation in a research report on Thursday, April 27th. Deutsche Bank AG cut their price target on shares of Kinross Gold Corporation from $4.00 to $3.80 and set a “hold” rating on the stock in a research report on Tuesday, March 21st. Raymond James Financial, Inc. reaffirmed an “ourperform” rating and set a $6.00 price target on shares of Kinross Gold Corporation in a research report on Thursday, June 15th. Finally, Zacks Investment Research raised shares of Kinross Gold Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $4.92.
Shares of Kinross Gold Corporation (NYSE KGC) traded up 2.91% during trading on Friday, hitting $4.24. The stock had a trading volume of 9,054,904 shares. The stock’s market capitalization is $5.29 billion. Kinross Gold Corporation has a 12-month low of $2.88 and a 12-month high of $5.81. The stock’s 50-day moving average is $4.13 and its 200-day moving average is $3.68.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its earnings results on Tuesday, May 2nd. The mining company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. Kinross Gold Corporation had a positive return on equity of 2.13% and a negative net margin of 0.13%. The firm had revenue of $796.10 million during the quarter, compared to analysts’ expectations of $790.06 million. Kinross Gold Corporation’s revenue was up 1.7% compared to the same quarter last year. Analysts predict that Kinross Gold Corporation will post $0.06 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shell Asset Management Co. raised its position in Kinross Gold Corporation by 7.3% in the first quarter. Shell Asset Management Co. now owns 720,135 shares of the mining company’s stock worth $3,377,000 after buying an additional 48,720 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in Kinross Gold Corporation by 0.3% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 193,250 shares of the mining company’s stock worth $681,000 after buying an additional 600 shares in the last quarter. Korea Investment CORP acquired a new position in Kinross Gold Corporation during the first quarter worth $271,000. Candriam Luxembourg S.C.A. raised its position in Kinross Gold Corporation by 69.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 2,059,382 shares of the mining company’s stock worth $7,243,000 after buying an additional 844,509 shares in the last quarter. Finally, Hexavest Inc. raised its position in Kinross Gold Corporation by 117.8% in the first quarter. Hexavest Inc. now owns 5,923,356 shares of the mining company’s stock worth $20,804,000 after buying an additional 3,203,315 shares in the last quarter. Institutional investors and hedge funds own 60.39% of the company’s stock.
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.
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