Kinross Gold Corp. (NYSE:KGC) dropped 2.4% during trading on Thursday . The company traded as low as $5.26 and last traded at $5.28, with a volume of 16,619,262 shares traded. The stock had previously closed at $5.41.

KGC has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Kinross Gold Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Canaccord Genuity lowered shares of Kinross Gold Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Credit Suisse Group AG lowered shares of Kinross Gold Corp. from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $4.50 to $5.50 in a research note on Tuesday, May 3rd. Goldman Sachs Group Inc. upgraded shares of Kinross Gold Corp. from a “sell” rating to a “neutral” rating and lifted their price target for the company from $2.10 to $5.30 in a research note on Wednesday, May 11th. Finally, Jefferies Group reiterated a “sell” rating and issued a $4.00 price target on shares of Kinross Gold Corp. in a research note on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $4.79.

The firm has a 50 day moving average of $5.26 and a 200 day moving average of $4.22. The firm’s market capitalization is $6.48 billion.

Kinross Gold Corp. (NYSE:KGC) last released its quarterly earnings data on Wednesday, July 27th. The mining company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. During the same quarter last year, the firm posted ($0.01) EPS. The business had revenue of $876.40 million for the quarter, compared to analysts’ expectations of $841.98 million. The company’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts expect that Kinross Gold Corp. will post $0.10 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Kinross Gold Corp. stock. Bridgewater Associates LP raised its stake in Kinross Gold Corp. (NYSE:KGC) by 25.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,510,800 shares of the mining company’s stock after buying an additional 308,000 shares during the period. Bridgewater Associates LP owned approximately 0.13% of Kinross Gold Corp. worth $2,730,000 at the end of the most recent reporting 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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