Kinross Gold Corp. (NYSE:KGC) dropped 3.9% during trading on Wednesday . The stock traded as low as $4.88 and last traded at $4.93, with a volume of 8,794,649 shares changing hands. The stock had previously closed at $5.13.

KGC has been the subject of several recent analyst reports. Macquarie raised shares of Kinross Gold Corp. from an “underperform” rating to a “neutral” rating in a research note on Friday, July 1st. Credit Suisse Group AG downgraded shares of Kinross Gold Corp. from an “outperform” rating to a “neutral” rating and upped their target price for the company from $4.50 to $5.50 in a research note on Tuesday, May 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $6.50 target price on shares of Kinross Gold Corp. in a research note on Thursday, July 28th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kinross Gold Corp. in a research note on Thursday, June 30th. Finally, Zacks Investment Research downgraded shares of Kinross Gold Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. Kinross Gold Corp. presently has a consensus rating of “Hold” and an average price target of $4.79.

The stock has a 50 day moving average price of $5.26 and a 200-day moving average price of $4.31. The company’s market capitalization is $6.27 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 consensus estimate of $0.01 by $0.02. The firm had revenue of $876.40 million for the quarter, compared to the consensus estimate of $841.98 million. During the same period in the prior year, the company earned ($0.01) EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts forecast that Kinross Gold Corp. will post $0.10 earnings per share for the current year.

A hedge fund recently raised its stake in Kinross Gold Corp. stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Kinross Gold Corp. (NYSE:KGC) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,162,559 shares of the mining company’s stock after buying an additional 1,814,025 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 1.24% of Kinross Gold Corp. worth $25,591,000 as of its most recent filing with the SEC.

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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