Kinross Gold Corp. (NYSE:KGC)’s share price dropped 1% on Tuesday . The stock traded as low as $4.67 and last traded at $4.74, with a volume of 12,267,014 shares changing hands. The stock had previously closed at $4.79.

KGC has been the subject of several analyst reports. Zacks Investment Research downgraded Kinross Gold Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Canaccord Genuity cut Kinross Gold Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Credit Suisse Group AG cut Kinross Gold Corp. from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $4.50 to $5.50 in a research report on Tuesday, May 3rd. Goldman Sachs Group Inc. raised Kinross Gold Corp. from a “sell” rating to a “neutral” rating and increased their price objective for the company from $2.10 to $5.30 in a research report on Wednesday, May 11th. Finally, Jefferies Group reaffirmed a “sell” rating and set a $4.00 price objective on shares of Kinross Gold Corp. in a research report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $4.79.

The stock’s 50 day moving average is $5.23 and its 200 day moving average is $4.41. The firm’s market cap is $5.87 billion.

Kinross Gold Corp. (NYSE:KGC) last announced its earnings results on Wednesday, July 27th. The mining company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. During the same period in the prior year, the firm earned ($0.01) earnings per share. The business earned $876.40 million during the quarter, compared to analyst estimates of $841.98 million. Kinross Gold Corp.’s revenue was up 16.0% on a year-over-year basis. On average, analysts forecast that Kinross Gold Corp. will post $0.10 earnings per share for the current fiscal year.

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.