Kinross Gold Co. (NYSE:KGC) Given Average Recommendation of "Buy" by Analysts

Shares of Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K have earned a consensus recommendation of "Buy" from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $13.30.

A number of research firms have recently commented on KGC. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. CIBC raised their price target on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Scotiabank upped their price target on shares of Kinross Gold from $13.00 to $16.00 and gave the stock a "sector outperform" rating in a research note on Monday. Finally, StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 4th.

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Kinross Gold Price Performance

NYSE KGC traded up $0.14 during mid-day trading on Friday, hitting $14.64. The stock had a trading volume of 15,628,930 shares, compared to its average volume of 17,726,500. The firm's 50 day moving average is $11.89 and its 200 day moving average is $10.69. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 0.68 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold has a twelve month low of $6.20 and a twelve month high of $14.80.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Equities research analysts forecast that Kinross Gold will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's payout ratio is currently 15.58%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KGC. Jones Financial Companies Lllp raised its position in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after buying an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after acquiring an additional 1,002 shares during the period. SBI Securities Co. Ltd. acquired a new position in Kinross Gold in the 4th quarter valued at $42,000. Global Retirement Partners LLC lifted its stake in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after purchasing an additional 4,788 shares during the period. Finally, Avior Wealth Management LLC grew its position in shares of Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after purchasing an additional 5,140 shares during the period. Institutional investors and hedge funds own 63.69% of the company's stock.

Kinross Gold Company Profile

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.