Bank of America Corp. cut shares of Kinross Gold Corp. (NYSE:KGC) (TSE:K) from a buy rating to a neutral rating in a research note released on Monday morning.

Several other equities research analysts have also weighed in on the stock. TD Securities reiterated a buy rating and set a $6.50 price objective (down previously from $7.00) on shares of Kinross Gold Corp. in a research note on Thursday, November 3rd. Canaccord Genuity reiterated a buy rating and set a $7.75 price objective (down previously from $8.00) on shares of Kinross Gold Corp. in a research note on Thursday, November 3rd. RBC Capital Markets reiterated an outperform rating on shares of Kinross Gold Corp. in a research note on Tuesday, November 1st. Citigroup Inc. reiterated a neutral rating on shares of Kinross Gold Corp. in a research note on Monday, October 17th. Finally, Vetr lowered shares of Kinross Gold Corp. from a strong-buy rating to a buy rating and set a $5.05 price objective on the stock. in a research note on Wednesday, September 7th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Kinross Gold Corp. has an average rating of Hold and a consensus price target of $5.53.

Shares of Kinross Gold Corp. (NYSE:KGC) opened at 3.29 on Monday. The stock’s market cap is $4.10 billion. Kinross Gold Corp. has a 52 week low of $1.31 and a 52 week high of $5.82. The stock’s 50 day moving average price is $3.67 and its 200 day moving average price is $4.49.

Kinross Gold Corp. (NYSE:KGC) last released its quarterly earnings data on Wednesday, November 2nd. The mining company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $910.20 million for the quarter, compared to analyst estimates of $915.18 million. Kinross Gold Corp. had a negative net margin of 26.82% and a positive return on equity of 1.23%. Kinross Gold Corp.’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share. Equities research analysts anticipate that Kinross Gold Corp. will post $0.12 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the company. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Kinross Gold Corp. during the third quarter worth $104,000. Concert Wealth Management Inc. raised its position in Kinross Gold Corp. by 8.4% in the second quarter. Concert Wealth Management Inc. now owns 21,675 shares of the mining company’s stock worth $106,000 after buying an additional 1,675 shares in the last quarter. Exane Derivatives raised its position in Kinross Gold Corp. by 2,813,200.0% in the third quarter. Exane Derivatives now owns 28,133 shares of the mining company’s stock worth $118,000 after buying an additional 28,132 shares in the last quarter. Acrospire Investment Management LLC raised its position in Kinross Gold Corp. by 101.9% in the third quarter. Acrospire Investment Management LLC now owns 31,900 shares of the mining company’s stock worth $134,000 after buying an additional 16,100 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in Kinross Gold Corp. during the second quarter worth approximately $169,000. Hedge funds and other institutional investors own 60.53% of the company’s stock.

About Kinross Gold Corp.

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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