Kinross Gold Corp. (NYSE:KGC) fell 4.4% during mid-day trading on Thursday . The company traded as low as $5.41 and last traded at $5.49, with a volume of 8,843,857 shares traded. The stock had previously closed at $5.74.

Several research firms have recently weighed in on KGC. CIBC increased their price objective on Kinross Gold Corp. from $3.20 to $3.80 in a research report on Friday, April 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $7.75 price objective on shares of Kinross Gold Corp. in a research report on Thursday, May 19th. TD Securities reissued a “buy” rating and issued a $6.50 price objective (up from $6.00) on shares of Kinross Gold Corp. in a research report on Friday, May 13th. Zacks Investment Research cut Kinross Gold Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 19th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Kinross Gold Corp. in a research report on Saturday, April 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Kinross Gold Corp. currently has a consensus rating of “Hold” and a consensus price target of $4.20.

The firm’s 50 day moving average price is $4.93 and its 200 day moving average price is $3.59. The firm’s market capitalization is $6.71 billion.

Kinross Gold Corp. (NYSE:KGC) last released its quarterly earnings results on Tuesday, May 10th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The firm earned $782.60 million during the quarter, compared to the consensus estimate of $808.09 million. During the same quarter last year, the firm earned $0.01 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts predict that Kinross Gold Corp. will post $0.07 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board increased its stake in Kinross Gold Corp. by 69.7% in the fourth quarter. State of Wisconsin Investment Board now owns 995,784 shares of the mining company’s stock valued at $1,799,000 after buying an additional 408,900 shares during the period. Korea Investment CORP increased its stake in Kinross Gold Corp. by 9.1% in the fourth quarter. Korea Investment CORP now owns 1,254,500 shares of the mining company’s stock valued at $2,266,000 after buying an additional 104,900 shares during the period. Shell Asset Management Co. increased its stake in Kinross Gold Corp. by 6.4% in the fourth quarter. Shell Asset Management Co. now owns 1,445,074 shares of the mining company’s stock valued at $3,627,000 after buying an additional 87,090 shares during the period. Sei Investments Co. increased its stake in Kinross Gold Corp. by 4,075.1% in the fourth quarter. Sei Investments Co. now owns 2,640,989 shares of the mining company’s stock valued at $4,806,000 after buying an additional 2,577,733 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in Kinross Gold Corp. by 3.7% in the fourth quarter. OppenheimerFunds Inc. now owns 2,800,487 shares of the mining company’s stock valued at $5,097,000 after buying an additional 100,487 shares during the period.

Kinross Gold Corporation is 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. Its segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

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