Kinross Gold Corp. (NYSE:KGC)’s share price dropped 5.2% on Wednesday . The stock traded as low as $5.02 and last traded at $5.08, with a volume of 6,079,727 shares. The stock had previously closed at $5.36.

KGC has been the subject of several recent research reports. Jefferies Group raised their price target on Kinross Gold Corp. to $2.25 in a research report on Wednesday, March 30th. CIBC raised their price target on Kinross Gold Corp. from $3.20 to $3.80 in a research report on Friday, April 8th. TD Securities raised Kinross Gold Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $3.50 to $4.50 in a research report on Thursday, March 31st. Zacks Investment Research raised Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research report on Monday, April 4th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Kinross Gold Corp. in a report on Saturday, April 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $4.45.

The firm’s market cap is $6.17 billion. The stock has a 50 day moving average price of $5.12 and a 200 day moving average price of $3.81.

Kinross Gold Corp. (NYSE:KGC) last posted its quarterly earnings results on Tuesday, May 10th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). During the same period last year, the company earned $0.01 EPS. The business earned $782.60 million during the quarter, compared to analyst estimates of $808.09 million. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts predict that Kinross Gold Corp. will post $0.11 EPS for the current year.

A number of hedge funds and institutional investors have bought and sold shares of KGC. State of Wisconsin Investment Board raised its position 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. Sei Investments Co. raised its position 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. OppenheimerFunds Inc. raised its position 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. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in 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 valued at $6,746,000 after buying an additional 378,100 shares during the last quarter.

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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