Kinross Gold (NYSE:KGC) Stock Rating Upgraded by Stifel Canada

Kinross Gold (NYSE:KGC) (TSE:K) was upgraded by equities research analysts at Stifel Canada to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Kinross Gold’s FY2028 earnings at $0.19 EPS.

Several other equities research analysts have also commented on KGC. CIBC upped their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Friday, March 14th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $11.63.

Kinross Gold Trading Up 1.5 %

NYSE:KGC opened at $12.21 on Wednesday. Kinross Gold has a 52-week low of $5.44 and a 52-week high of $12.34. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $11.14 and a 200-day simple moving average of $10.21. The company has a market capitalization of $15.00 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 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, equities research analysts expect that Kinross Gold will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kinross Gold

Several institutional investors and hedge funds have recently made changes to their positions in KGC. Signaturefd LLC increased its position in Kinross Gold by 2.2% in the fourth quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock worth $381,000 after buying an additional 865 shares during the period. Mark Sheptoff Financial Planning LLC boosted its stake 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 period. TD Private Client Wealth LLC grew its holdings in shares of Kinross Gold by 2.4% during the fourth quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company’s stock valued at $423,000 after buying an additional 1,079 shares in the last quarter. Schechter Investment Advisors LLC boosted its holdings in shares of Kinross Gold by 2.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock worth $367,000 after purchasing an additional 1,080 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in shares of Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock worth $219,000 after acquiring an additional 1,106 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Company Profile

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.