Kinross Gold Corp. (NYSE:KGC) shares shot up 1.9% during mid-day trading on Wednesday . The company traded as high as $5.46 and last traded at $5.41, with a volume of 6,837,380 shares. The stock had previously closed at $5.31.

A number of research firms have issued reports on KGC. Vetr raised shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $5.70 price target for the company in a report on Wednesday. CIBC raised their target price on shares of Kinross Gold Corp. from $3.20 to $3.80 in a report on Friday, April 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $7.75 target price on shares of Kinross Gold Corp. in a report on Thursday, May 19th. TD Securities reissued a “buy” rating and set a $6.50 target price (up previously from $6.00) on shares of Kinross Gold Corp. in a report on Friday, May 13th. Finally, Zacks Investment Research cut shares of Kinross Gold Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Kinross Gold Corp. presently has a consensus rating of “Hold” and a consensus target price of $4.34.

The firm’s market cap is $6.72 billion. The firm has a 50-day moving average price of $4.99 and a 200-day moving average price of $3.70.

Kinross Gold Corp. (NYSE:KGC) last issued its quarterly earnings results on Tuesday, May 10th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The company earned $782.60 million during the quarter, compared to the consensus estimate of $808.09 million. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS. Equities research analysts anticipate that Kinross Gold Corp. will post $0.08 EPS for the current fiscal year.

Several hedge funds recently modified their holdings of KGC. State of Wisconsin Investment Board raised its stake in shares of 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 worth $1,799,000 after buying an additional 408,900 shares during the period. Shell Asset Management Co. raised 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 worth $3,627,000 after buying an additional 87,090 shares during the period. Sei Investments Co. raised its stake in shares of 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 worth $4,806,000 after buying an additional 2,577,733 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Kinross Gold Corp. by 16.4% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,687,633 shares of the mining company’s stock worth $6,746,000 after buying an additional 378,100 shares during the period. Finally, OppenheimerFunds Inc. raised 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 worth $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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.