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

KGC has been the topic of several research reports. Royal Bank Of Canada restated an “outperform” rating on shares of Kinross Gold Corp. in a report on Thursday, June 30th. Macquarie upgraded Kinross Gold Corp. from an “underperform” rating to a “neutral” rating in a report on Friday, July 1st. CIBC raised their price objective on Kinross Gold Corp. from $3.20 to $3.80 in a report on Friday, April 8th. Deutsche Bank AG upgraded Kinross Gold Corp. from a “sell” rating to a “hold” rating and lifted their price target for the company from $3.10 to $4.50 in a report on Wednesday. Finally, Raymond James Financial Inc. lifted their price target on Kinross Gold Corp. from $2.75 to $4.00 in a report on Monday, March 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $4.27.

The company’s market cap is $6.88 billion. The firm has a 50-day moving average of $4.96 and a 200 day moving average of $3.63.

Kinross Gold Corp. (NYSE:KGC) last announced its earnings results on Tuesday, May 10th. The mining company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $782.60 million for the quarter, compared to analyst estimates of $808.09 million. Kinross Gold Corp.’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. On average, equities analysts predict that Kinross Gold Corp. will post $0.07 earnings per share for the current year.

Several large investors have made changes to their positions in KGC. Shell Asset Management Co. increased its stake in shares of 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. OppenheimerFunds Inc. increased its stake in shares of 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. Korea Investment CORP increased its stake in shares of 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. Swiss National Bank increased its stake in shares of Kinross Gold Corp. by 2.0% in the fourth quarter. Swiss National Bank now owns 10,686,035 shares of the mining company’s stock valued at $19,339,000 after buying an additional 213,800 shares during the period. Finally, Russell Frank Co increased its stake in shares of Kinross Gold Corp. by 3.3% in the fourth quarter. Russell Frank Co now owns 11,593,128 shares of the mining company’s stock valued at $21,227,000 after buying an additional 368,647 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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