Kinross Gold Co. (NYSE:KGC) (TSE:K) has earned a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $4.77.
Several equities research analysts recently issued reports on KGC shares. ValuEngine cut Kinross Gold from a “sell” rating to a “strong sell” rating in a report on Friday, November 8th. Raymond James reiterated an “outperform” rating and issued a $6.00 price objective on shares of Kinross Gold in a report on Friday, November 8th. CIBC set a $6.00 price objective on Kinross Gold and gave the stock a “buy” rating in a report on Wednesday, September 18th. TD Securities lifted their price objective on Kinross Gold from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, Royal Bank of Canada lifted their price objective on Kinross Gold from $5.50 to $6.00 and gave the stock a “sector perform” rating in a report on Monday, September 23rd.
Shares of Kinross Gold stock traded up $0.01 on Friday, hitting $4.27. The company’s stock had a trading volume of 533,578 shares, compared to its average volume of 13,569,550. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 2.71. Kinross Gold has a 1 year low of $2.49 and a 1 year high of $5.47. The firm has a fifty day moving average price of $4.63 and a 200-day moving average price of $4.25. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 42.65 and a beta of -0.05.
Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, November 6th. The mining company reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. Kinross Gold had a return on equity of 6.02% and a net margin of 5.15%. The firm had revenue of $877.10 million during the quarter, compared to analyst estimates of $908.75 million. During the same quarter in the previous year, the business earned ($0.04) EPS. Kinross Gold’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, analysts forecast that Kinross Gold will post 0.31 EPS for the current year.
Several institutional investors have recently modified their holdings of the company. Corient Capital Partners LLC acquired a new position in shares of Kinross Gold during the 3rd quarter worth approximately $55,000. SG Americas Securities LLC acquired a new position in shares of Kinross Gold during the 3rd quarter worth approximately $361,000. Symmetry Partners LLC acquired a new position in shares of Kinross Gold during the 3rd quarter worth approximately $95,000. Atlas Capital Advisors LLC acquired a new position in shares of Kinross Gold during the 3rd quarter worth approximately $224,000. Finally, Sigma Planning Corp acquired a new position in shares of Kinross Gold during the 3rd quarter worth approximately $267,000. Institutional investors and hedge funds own 50.87% of the company’s stock.
Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.
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