Kinross Gold Corp. (NYSE:KGC) shares were down 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 traded. The stock had previously closed at $5.13.

Several research analysts have commented on KGC shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $6.50 price target on shares of Kinross Gold Corp. in a research report on Thursday, July 28th. Zacks Investment Research upgraded Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Thursday, August 4th. HSBC restated a “buy” rating on shares of Kinross Gold Corp. in a research report on Thursday, July 7th. Goldman Sachs Group Inc. upgraded Kinross Gold Corp. from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $2.10 to $5.30 in a research report on Wednesday, May 11th. Finally, Vetr upgraded Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $5.70 price objective on the stock in a research report on Wednesday, July 13th. One 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 stock. The stock currently has an average rating of “Hold” and an average price target of $4.79.

The stock’s 50-day moving average is $5.26 and its 200 day moving average is $4.32. The stock’s market cap is $6.20 billion.

Kinross Gold Corp. (NYSE:KGC) last released its quarterly earnings results 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. The company earned $876.40 million during the quarter, compared to analyst estimates of $841.98 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The company’s revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts forecast that Kinross Gold Corp. will post $0.10 EPS for the current fiscal year.

An institutional investor recently raised its position in Kinross Gold Corp. stock. Connor Clark & Lunn Investment Management Ltd. increased its position in Kinross Gold Corp. (NYSE:KGC) by 14.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 1.24% of Kinross Gold Corp. worth $25,591,000 at the end of the most recent 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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