StockNews.com upgraded shares of Kinross Gold (NYSE:KGC - Free Report) TSE: K from a buy rating to a strong-buy rating in a research report released on Friday.
KGC has been the topic of a number of other reports. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Raymond James raised their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a report on Friday, April 4th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, CIBC lifted their price target on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $12.30.
Get Our Latest Stock Analysis on KGC
Kinross Gold Stock Performance
KGC stock traded up $1.00 during mid-day trading on Friday, reaching $12.96. The company had a trading volume of 13,504,156 shares, compared to its average volume of 21,717,109. The stock's 50-day simple moving average is $11.67 and its two-hundred day simple moving average is $10.55. The stock has a market capitalization of $15.95 billion, a P/E ratio of 16.85, a P/E/G ratio of 0.68 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. Kinross Gold has a one year low of $6.20 and a one year high of $13.02.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced 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%. Research analysts anticipate that Kinross Gold will post 0.81 EPS for the current year.
Kinross Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's payout ratio is presently 15.58%.
Hedge Funds Weigh In On Kinross Gold
Several institutional investors have recently bought and sold shares of KGC. Jones Financial Companies Lllp raised its stake in shares of Kinross Gold by 109.3% in the 4th 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 in the last quarter. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Kinross Gold by 30.4% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after buying an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Kinross Gold during the 4th quarter worth $42,000. Global Retirement Partners LLC grew its stake in 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 buying an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after buying an additional 5,140 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.
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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