Kinross Gold (NYSE:KGC - Get Free Report) TSE: K was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday.
Separately, CIBC boosted their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. One 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 company's stock. Based on data from MarketBeat.com, Kinross Gold has a consensus rating of "Buy" and an average target price of $11.63.
Get Our Latest Analysis on Kinross Gold
Kinross Gold Trading Down 0.1 %
Shares of Kinross Gold stock traded down $0.02 on Friday, reaching $12.01. 19,163,660 shares of the company were exchanged, compared to its average volume of 17,176,409. The stock has a fifty day moving average price of $11.06 and a 200-day moving average price of $10.18. The firm has a market capitalization of $14.76 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. 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 fifty-two week low of $5.44 and a fifty-two week high of $12.39.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced 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%. On average, analysts expect that Kinross Gold will post 0.81 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its position in Kinross Gold by 109.3% in the 4th 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 last quarter. Mark Sheptoff Financial Planning LLC increased its position 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 purchasing an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Kinross Gold in the 4th quarter worth about $42,000. Global Retirement Partners LLC boosted 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 acquiring an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 5,140 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.
Kinross Gold Company Profile
(
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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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