Kinross Gold Corporation (KGC) Receives Hold Rating from Jefferies Group LLC

Jefferies Group LLC reissued their hold rating on shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) in a report issued on Friday, July 14th. Jefferies Group LLC currently has a $3.75 price target on the mining company’s stock, down from their prior price target of $4.00.

KGC has been the topic of a number of other reports. BMO Capital Markets upgraded shares of Kinross Gold Corporation from a market perform rating to a buy rating and increased their price target for the company from $3.75 to $5.00 in a research report on Monday, May 29th. Zacks Investment Research cut shares of Kinross Gold Corporation from a hold rating to a sell rating in a research report on Tuesday, April 18th. Scotiabank set a $4.00 price target on shares of Kinross Gold Corporation and gave the company a sector perform rating in a research report on Thursday, May 4th. Deutsche Bank AG reduced 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. Finally, ValuEngine upgraded shares of Kinross Gold Corporation from a sell rating to a hold rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and an average price target of $4.99.

Shares of Kinross Gold Corporation (KGC) opened at 4.18 on Friday. The stock has a 50 day moving average of $4.09 and a 200-day moving average of $3.88. The firm has a market capitalization of $5.21 billion, a P/E ratio of 99.52 and a beta of 0.22. Kinross Gold Corporation has a 1-year low of $2.88 and a 1-year high of $5.27.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, August 2nd. The mining company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The business had revenue of $868.60 million for the quarter, compared to analysts’ expectations of $825.02 million. During the same period last year, the business earned ($0.01) earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts expect that Kinross Gold Corporation will post $0.10 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the company. Creative Planning raised its stake in shares of Kinross Gold Corporation by 42.7% in the first quarter. Creative Planning now owns 38,921 shares of the mining company’s stock worth $137,000 after buying an additional 11,643 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of Kinross Gold Corporation by 63.1% in the second quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock worth $154,000 after buying an additional 14,674 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Kinross Gold Corporation by 22.0% in the second quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock worth $158,000 after buying an additional 7,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Kinross Gold Corporation during the second quarter worth approximately $202,000. Finally, Karp Capital Management Corp acquired a new stake in shares of Kinross Gold Corporation during the first quarter worth approximately $235,000. 60.85% of the stock is owned by institutional investors.

About Kinross Gold Corporation

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.