Kinross Gold Corporation (NYSE:KGC) (TSE:K)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a research note issued to investors on Friday.
KGC has been the subject of a number of other reports. BMO Capital Markets upgraded Kinross Gold Corporation from a “market perform” rating to a “buy” rating and boosted their price objective for the company from $3.75 to $5.00 in a research note on Monday, May 29th. Scotiabank set a $4.00 price objective on Kinross Gold Corporation and gave the company a “sector perform” rating in a research note on Thursday, May 4th. Jefferies Group LLC reiterated a “hold” rating and set a $3.75 price objective (down from $4.00) on shares of Kinross Gold Corporation in a research note on Friday, July 14th. Raymond James Financial, Inc. reiterated an “ourperform” rating and set a $6.00 price objective on shares of Kinross Gold Corporation in a research note on Thursday, June 15th. Finally, ValuEngine upgraded Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Kinross Gold Corporation has a consensus rating of “Hold” and an average price target of $5.01.
Shares of Kinross Gold Corporation (NYSE:KGC) traded down 2.75% during midday trading on Friday, hitting $4.25. 14,313,514 shares of the stock were exchanged. The stock has a market cap of $5.30 billion, a P/E ratio of 101.19 and a beta of 0.22. The firm’s 50 day moving average price is $4.11 and its 200-day moving average price is $3.90. Kinross Gold Corporation has a 52-week low of $2.88 and a 52-week high of $4.87.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, August 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The company had revenue of $868.60 million during the quarter, compared to the consensus estimate of $825.02 million. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) EPS. On average, equities research analysts expect that Kinross Gold Corporation will post $0.10 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of KGC. FMR LLC boosted its stake in shares of Kinross Gold Corporation by 18.7% in the first quarter. FMR LLC now owns 3,643,767 shares of the mining company’s stock valued at $12,851,000 after buying an additional 573,328 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in shares of 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 valued at $7,243,000 after buying an additional 844,509 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Kinross Gold Corporation by 15.1% in the first quarter. Wells Fargo & Company MN now owns 91,788 shares of the mining company’s stock valued at $322,000 after buying an additional 12,016 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Kinross Gold Corporation by 3.1% in the first quarter. Capstone Asset Management Co. now owns 112,447 shares of the mining company’s stock valued at $395,000 after buying an additional 3,420 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of Kinross Gold Corporation during the first quarter valued at about $235,000. 60.27% of the stock is currently owned by institutional investors and hedge funds.
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.
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