Stifel Canada Upgrades Kinross Gold (NYSE:KGC) to Strong-Buy

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K was upgraded by analysts at Stifel Canada to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Kinross Gold's FY2025 earnings at $0.80 EPS, FY2026 earnings at $0.70 EPS, FY2027 earnings at $0.56 EPS and FY2028 earnings at $0.19 EPS.

KGC has been the topic of several other research reports. CIBC lifted their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kinross Gold has a consensus rating of "Buy" and an average target price of $11.63.

Kinross Gold Price Performance

NYSE KGC traded up $0.05 on Wednesday, reaching $12.21. 15,541,509 shares of the company's stock traded hands, compared to its average volume of 17,246,225. The stock has a market cap of $15.02 billion, a PE ratio of 15.85, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold has a 12 month low of $5.67 and a 12 month high of $12.39. The stock has a 50-day simple moving average of $11.25 and a 200 day simple moving average of $10.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83.

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Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data 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 net margin of 18.43% and a return on equity of 12.65%. As a group, research analysts predict that Kinross Gold will post 0.81 earnings per share for the current year.

Institutional Investors Weigh In On Kinross Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. OneDigital Investment Advisors LLC purchased a new stake in Kinross Gold in the third quarter worth $94,000. Natixis Advisors LLC raised its holdings in Kinross Gold by 56.4% in the 3rd quarter. Natixis Advisors LLC now owns 100,181 shares of the mining company's stock worth $938,000 after purchasing an additional 36,132 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Kinross Gold in the 3rd quarter worth about $5,781,000. Swiss National Bank boosted its stake in shares of Kinross Gold by 0.8% during the 3rd quarter. Swiss National Bank now owns 3,717,118 shares of the mining company's stock valued at $34,878,000 after purchasing an additional 29,400 shares in the last quarter. Finally, Caprock Group LLC increased its position in shares of Kinross Gold by 16.5% during the third quarter. Caprock Group LLC now owns 96,824 shares of the mining company's stock valued at $906,000 after buying an additional 13,695 shares during the period. 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.