Shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) have received an average rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.77.
Several brokerages have recently weighed in on KGC. ValuEngine upgraded Kinross Gold from a “hold” rating to a “buy” rating in a report on Friday, June 21st. Zacks Investment Research cut Kinross Gold from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th.
A number of hedge funds have recently modified their holdings of KGC. Van ECK Associates Corp lifted its position in Kinross Gold by 115.5% during the fourth quarter. Van ECK Associates Corp now owns 186,875,671 shares of the mining company’s stock worth $605,477,000 after acquiring an additional 100,146,473 shares during the last quarter. Norges Bank acquired a new stake in shares of Kinross Gold in the fourth quarter valued at approximately $47,922,000. Deutsche Bank AG raised its position in shares of Kinross Gold by 102.9% in the fourth quarter. Deutsche Bank AG now owns 11,376,403 shares of the mining company’s stock valued at $36,855,000 after buying an additional 5,769,102 shares in the last quarter. Investec Asset Management LTD raised its position in shares of Kinross Gold by 54.7% in the fourth quarter. Investec Asset Management LTD now owns 14,033,766 shares of the mining company’s stock valued at $45,429,000 after buying an additional 4,964,107 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Kinross Gold by 401.6% in the fourth quarter. Nordea Investment Management AB now owns 6,122,841 shares of the mining company’s stock valued at $26,938,000 after buying an additional 4,902,210 shares in the last quarter. Hedge funds and other institutional investors own 58.93% of the company’s stock.
Shares of NYSE KGC traded down $0.06 during mid-day trading on Wednesday, hitting $3.84. The company had a trading volume of 13,521,000 shares, compared to its average volume of 11,039,479. The company has a market cap of $4.79 billion, a P/E ratio of 38.40 and a beta of -0.13. The company has a 50-day moving average price of $3.37. The company has a quick ratio of 1.12, a current ratio of 3.02 and a debt-to-equity ratio of 0.41. Kinross Gold has a one year low of $2.38 and a one year high of $4.01.
Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Tuesday, May 7th. The mining company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The company had revenue of $786.20 million during the quarter, compared to analysts’ expectations of $800.70 million. Kinross Gold had a positive return on equity of 1.88% and a negative net margin of 2.10%. Kinross Gold’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. On average, sell-side analysts forecast that Kinross Gold will post 0.13 earnings per share for the current 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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