Kinross Gold (NYSE:KGC - Get Free Report) TSE: K was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Friday.
Several other research firms have also recently commented on KGC. Scotiabank restated an "outperform" rating on shares of Kinross Gold in a research note on Monday, April 14th. CIBC lifted their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. BMO Capital Markets began coverage on Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Finally, Stifel Canada raised Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $13.30.
Get Our Latest Stock Analysis on Kinross Gold
Kinross Gold Stock Performance
Shares of Kinross Gold stock traded up $0.01 during trading on Friday, reaching $14.94. The company's stock had a trading volume of 12,268,813 shares, compared to its average volume of 17,706,990. The firm has a market cap of $18.39 billion, a PE ratio of 19.36, a P/E/G ratio of 0.68 and a beta of 1.12. The company has a 50-day moving average price of $12.17 and a two-hundred day moving average price of $10.87. 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 $6.34 and a fifty-two week high of $15.46.
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 for the quarter, missing the consensus estimate 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 forecast that Kinross Gold will post 0.81 EPS for the current year.
Institutional Trading of Kinross Gold
A number of institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in shares of Kinross Gold by 109.3% during the 4th 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 position 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 valued at $40,000 after purchasing an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold during the 4th quarter worth approximately $42,000. Global Retirement Partners LLC raised its position 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 purchasing an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC lifted 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 in the last quarter. 63.69% of the stock is currently owned by hedge funds and other 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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