Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K has received an average recommendation of "Moderate Buy" from the three brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $11.13.
A number of equities research analysts recently commented on the company. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 9th. Jefferies Financial Group upped their price target on Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Friday, October 4th.
Get Our Latest Report on Kinross Gold
Hedge Funds Weigh In On Kinross Gold
Several institutional investors and hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Kinross Gold by 5.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,267,312 shares of the mining company's stock valued at $124,276,000 after buying an additional 642,007 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Kinross Gold by 6.2% during the second quarter. Mackenzie Financial Corp now owns 10,959,397 shares of the mining company's stock worth $91,255,000 after acquiring an additional 643,013 shares during the period. National Bank of Canada FI lifted its position in Kinross Gold by 0.7% in the 3rd quarter. National Bank of Canada FI now owns 9,612,585 shares of the mining company's stock valued at $90,022,000 after acquiring an additional 70,376 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Kinross Gold by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company's stock worth $72,867,000 after purchasing an additional 1,777,076 shares during the period. Finally, Artemis Investment Management LLP increased its holdings in Kinross Gold by 28.0% during the 3rd quarter. Artemis Investment Management LLP now owns 8,567,435 shares of the mining company's stock worth $80,191,000 after purchasing an additional 1,871,939 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.
Kinross Gold Trading Down 1.0 %
Shares of KGC traded down $0.10 on Friday, reaching $9.78. 17,999,775 shares of the company's stock were exchanged, compared to its average volume of 19,195,588. The business has a 50 day moving average price of $9.78 and a two-hundred day moving average price of $9.31. Kinross Gold has a 12 month low of $4.75 and a 12 month high of $10.82. The stock has a market capitalization of $12.02 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 0.44 and a beta of 1.21. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business earned $0.12 EPS. The business's quarterly revenue was up 29.9% compared to the same quarter last year. Research analysts anticipate that Kinross Gold will post 0.7 earnings per share for the current year.
Kinross Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold's dividend payout ratio is currently 19.67%.
Kinross Gold Company Profile
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Get Free ReportKinross 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.
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