Kinross Gold Co. (NYSE:KGC) Given Average Rating of "Buy" by Brokerages

Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K has been assigned an average rating of "Buy" from the five ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $11.63.

Several equities analysts have weighed in on KGC shares. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday. StockNews.com cut shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, CIBC lifted their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th.

Kinross Gold Price Performance

Kinross Gold stock traded down $0.16 during mid-day trading on Wednesday, hitting $12.17. The company's stock had a trading volume of 15,989,892 shares, compared to its average volume of 17,225,075. Kinross Gold has a twelve month low of $5.64 and a twelve month high of $12.39. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $14.95 billion, a P/E ratio of 15.80, a P/E/G ratio of 0.68 and a beta of 1.29. The stock's fifty day moving average price is $11.21 and its two-hundred day moving average price is $10.25.

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

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's payout ratio is presently 15.58%.

Institutional Investors Weigh In On Kinross Gold

A number of hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp grew its holdings in Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock valued at $1,078,330,000 after buying an additional 44,610,091 shares during the last quarter. Norges Bank acquired a new stake in Kinross Gold in the 4th quarter valued at approximately $280,697,000. Man Group plc grew its holdings in Kinross Gold by 174.2% in the 4th quarter. Man Group plc now owns 9,243,267 shares of the mining company's stock valued at $85,685,000 after buying an additional 5,871,904 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Kinross Gold by 80.9% in the 4th quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company's stock valued at $116,898,000 after buying an additional 5,639,383 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Kinross Gold by 10.9% in the 4th quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock valued at $304,633,000 after buying an additional 3,224,455 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

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.