Kinross Gold (NYSE:KGC) Price Target Raised to $14.00

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K had its price target lifted by analysts at CIBC from $13.00 to $14.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the mining company's stock. CIBC's price objective points to a potential upside of 24.28% from the stock's previous close.

Separately, StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $11.63.

Kinross Gold Stock Down 1.3 %

Kinross Gold stock traded down $0.15 during trading hours on Thursday, reaching $11.27. The stock had a trading volume of 22,320,648 shares, compared to its average volume of 20,737,160. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The business's 50 day moving average price is $10.39 and its 200-day moving average price is $9.84. Kinross Gold has a 52 week low of $4.75 and a 52 week high of $12.28.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. Sell-side analysts anticipate that Kinross Gold will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Kinross Gold

A number of large investors have recently bought and sold shares of KGC. Creative Planning boosted its position in Kinross Gold by 12.0% in the third quarter. Creative Planning now owns 71,945 shares of the mining company's stock valued at $673,000 after buying an additional 7,689 shares during the last quarter. One Wealth Advisors LLC purchased a new stake in Kinross Gold in the 3rd quarter worth approximately $127,000. Blue Trust Inc. boosted its position in Kinross Gold by 88.5% in the 3rd quarter. Blue Trust Inc. now owns 21,351 shares of the mining company's stock worth $200,000 after purchasing an additional 10,024 shares in the last quarter. Raymond James & Associates boosted its position in Kinross Gold by 25.7% in the 3rd quarter. Raymond James & Associates now owns 340,395 shares of the mining company's stock worth $3,186,000 after purchasing an additional 69,520 shares in the last quarter. Finally, OLD National Bancorp IN boosted its position in Kinross Gold by 43.7% in the 3rd quarter. OLD National Bancorp IN now owns 16,433 shares of the mining company's stock worth $154,000 after purchasing an additional 4,999 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.