Kinross Gold (NYSE:KGC) Raised to "Strong-Buy" at StockNews.com

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Friday.

Separately, CIBC increased 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. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $11.63.

Kinross Gold Stock Up 3.3 %

Shares of KGC stock traded up $0.38 during mid-day trading on Friday, hitting $12.01. The stock had a trading volume of 20,198,843 shares, compared to its average volume of 17,168,454. Kinross Gold has a 12-month low of $5.44 and a 12-month high of $12.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The firm's 50-day moving average is $11.06 and its two-hundred day moving average is $10.18. The firm has a market capitalization of $14.77 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29.

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Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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%. On average, analysts predict that Kinross Gold will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after acquiring an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of 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 valued at $40,000 after purchasing an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Kinross Gold during the 4th quarter valued at $42,000. Global Retirement Partners LLC grew its stake in 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 buying an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after buying an additional 5,140 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

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.