Kinross Gold Corp. (NYSE:KGC) was down 3.7% during mid-day trading on Tuesday . The stock traded as low as $4.20 and last traded at $4.21, with a volume of 11,001,306 shares. The stock had previously closed at $4.37.

KGC has been the subject of a number of recent research reports. Citigroup Inc. initiated coverage on shares of Kinross Gold Corp. in a research note on Tuesday, August 2nd. They issued a “neutral” rating and a $5.50 price objective for the company. Vetr upgraded shares of Kinross Gold Corp. from a “buy” rating to a “strong-buy” rating and set a $5.63 price objective for the company in a research note on Monday, August 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $6.50 price objective on shares of Kinross Gold Corp. in a research note on Thursday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinross Gold Corp. in a research note on Thursday, June 30th. Finally, Zacks Investment Research upgraded shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Thursday, August 4th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $4.86.

The firm’s market cap is $5.08 billion. The company has a 50-day moving average price of $5.09 and a 200 day moving average price of $4.47.

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 the Zacks’ consensus estimate of $0.01 by $0.02. During the same period in the prior year, the company posted ($0.01) earnings per share. The business had revenue of $876.40 million for the quarter, compared to analyst estimates of $841.98 million. The company’s 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.

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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