Kinross Gold Co. (NYSE:KGC) (TSE:K) has been given an average rating of “Hold” by the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $4.74.
KGC has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $5.50 target price on shares of Kinross Gold in a research note on Wednesday, April 4th. Deutsche Bank increased their price target on shares of Kinross Gold from $4.00 to $4.20 and gave the company a “hold” rating in a report on Wednesday, April 11th. BMO Capital Markets downgraded shares of Kinross Gold from an “outperform” rating to a “market perform” rating and set a $4.00 price target for the company. in a report on Monday, April 9th. ValuEngine downgraded shares of Kinross Gold from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Finally, Scotiabank reduced their price target on shares of Kinross Gold from $5.00 to $4.75 and set a “sector perform” rating for the company in a report on Thursday, May 10th.
Kinross Gold traded up $0.07, reaching $3.79, during midday trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 5,809,100 shares, compared to its average volume of 9,712,233. Kinross Gold has a 1-year low of $3.48 and a 1-year high of $4.91. The company has a current ratio of 4.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $4.55 billion, a PE ratio of 27.07 and a beta of 0.30.
Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Tuesday, May 8th. The mining company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Kinross Gold had a net margin of 12.25% and a return on equity of 6.20%. The business had revenue of $897.20 million for the quarter, compared to analyst estimates of $823.77 million. During the same period last year, the business posted $0.02 EPS. Kinross Gold’s revenue was up 12.7% compared to the same quarter last year. analysts anticipate that Kinross Gold will post 0.21 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of KGC. Mackenzie Financial Corp lifted its holdings in shares of Kinross Gold by 7.5% during the 4th quarter. Mackenzie Financial Corp now owns 5,311,792 shares of the mining company’s stock worth $22,947,000 after acquiring an additional 370,273 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Kinross Gold by 18.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,743,632 shares of the mining company’s stock worth $20,492,000 after acquiring an additional 743,796 shares during the period. AGF Investments Inc. lifted its holdings in shares of Kinross Gold by 45.6% during the 4th quarter. AGF Investments Inc. now owns 2,169,046 shares of the mining company’s stock worth $9,353,000 after acquiring an additional 679,286 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Kinross Gold by 8.2% during the 4th quarter. Allianz Asset Management GmbH now owns 2,261,848 shares of the mining company’s stock worth $9,785,000 after acquiring an additional 171,274 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Kinross Gold by 10.8% during the 4th quarter. Schroder Investment Management Group now owns 505,805 shares of the mining company’s stock worth $2,741,000 after acquiring an additional 49,500 shares during the period. 53.95% of the stock is owned by hedge funds and other institutional investors.
About Kinross Gold
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.
Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.