Kinross Gold Corporation (KGC) Receives $4.88 Consensus Target Price from Analysts

Shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) have earned an average rating of “Hold” from the eighteen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $4.88.

A number of equities analysts recently commented on KGC shares. TD Securities set a $6.00 price objective on Kinross Gold and gave the stock a “buy” rating in a research report on Thursday, October 19th. Jefferies Group set a $4.00 price objective on Kinross Gold and gave the stock a “hold” rating in a research report on Thursday, October 19th. ValuEngine upgraded Kinross Gold from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank of Canada reiterated a “buy” rating and set a $5.00 price objective on shares of Kinross Gold in a research report on Thursday, August 24th. Finally, Citigroup upgraded Kinross Gold from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $3.25 to $4.75 in a research report on Friday, September 1st.

Large investors have recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Kinross Gold in the third quarter valued at $100,000. Van Hulzen Asset Management LLC acquired a new stake in shares of Kinross Gold in the third quarter valued at $108,000. Sigma Planning Corp acquired a new stake in shares of Kinross Gold in the third quarter valued at $121,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Kinross Gold by 6.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock valued at $146,000 after buying an additional 2,116 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Kinross Gold by 63.1% in the second quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock valued at $154,000 after buying an additional 14,674 shares in the last quarter. Institutional investors own 55.79% of the company’s stock.

Shares of Kinross Gold (NYSE KGC) remained flat at $$4.11 during trading on Friday. The company had a trading volume of 8,879,926 shares, compared to its average volume of 10,970,629. Kinross Gold has a one year low of $2.88 and a one year high of $4.91. The stock has a market cap of $5,150.00, a PE ratio of 44.89 and a beta of 0.11. The company has a quick ratio of 2.18, a current ratio of 3.96 and a debt-to-equity ratio of 0.39.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. Kinross Gold had a return on equity of 2.58% and a net margin of 3.28%. The firm had revenue of $828.00 million for the quarter, compared to the consensus estimate of $787.40 million. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was down 9.0% compared to the same quarter last year. research analysts forecast that Kinross Gold will post 0.14 EPS for the current fiscal year.

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About Kinross Gold

Kinross Gold Corporation is a gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

Analyst Recommendations for Kinross Gold (NYSE:KGC)

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