StockNews.com cut shares of Kinross Gold (NYSE:KGC - Free Report) TSE: K from a strong-buy rating to a buy rating in a report issued on Saturday morning.
Several other analysts also recently issued reports on KGC. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. CIBC raised their target price on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $11.63.
Read Our Latest Analysis on Kinross Gold
Kinross Gold Stock Performance
Kinross Gold stock traded up $0.05 during mid-day trading on Friday, reaching $12.21. The company's stock had a trading volume of 15,541,509 shares, compared to its average volume of 17,246,225. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold has a twelve month low of $5.67 and a twelve month high of $12.39. The business has a 50 day moving average price of $11.25 and a 200-day moving average price of $10.30. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.68 and a beta of 1.29.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted 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%. Sell-side analysts predict that Kinross Gold will post 0.81 EPS for the current fiscal year.
Kinross Gold Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.98%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's payout ratio is currently 15.58%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its holdings in Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after purchasing an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC lifted its stake in shares of 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. bought a new position in shares of Kinross Gold in the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC increased its stake in shares of Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after acquiring an additional 4,788 shares during the period. Finally, Avior Wealth Management LLC increased its stake in shares of Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after acquiring an additional 5,140 shares during the period. Institutional investors own 63.69% of the company's stock.
About Kinross Gold
(
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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.
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