Raymond James Increases Kinross Gold (NYSE:KGC) Price Target to $15.00

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K had its price objective boosted by analysts at Raymond James from $12.00 to $15.00 in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a "market perform" rating on the mining company's stock. Raymond James' price target would suggest a potential upside of 15.38% from the company's previous close.

Several other research firms have also weighed in on KGC. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. CIBC increased 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. Finally, StockNews.com lowered Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $12.30.

Remove Ads

Kinross Gold Trading Up 8.7 %

NYSE:KGC traded up $1.04 on Friday, hitting $13.00. 24,867,724 shares of the stock were exchanged, compared to its average volume of 17,703,800. The stock has a market cap of $16.00 billion, a PE ratio of 16.88, a PEG ratio of 0.68 and a beta of 1.12. Kinross Gold has a fifty-two week low of $6.20 and a fifty-two week high of $13.11. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $11.67 and a 200-day moving average of $10.55.

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

Institutional Investors Weigh In On Kinross Gold

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its stake 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 worth $25,000 after buying an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its holdings in Kinross Gold by 30.4% during 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Kinross Gold in the 4th quarter worth about $42,000. Global Retirement Partners LLC raised its stake in shares of Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after purchasing an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position 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 worth $67,000 after purchasing an additional 5,140 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.