Shares of Kinross Gold Corp. (NYSE:KGC) rose 4.2% during mid-day trading on Tuesday . The stock traded as high as $5.46 and last traded at $5.40, with a volume of 11,142,529 shares. The stock had previously closed at $5.18.

KGC has been the topic of several recent analyst reports. Citigroup Inc. initiated coverage on Kinross Gold Corp. in a research note on Tuesday. They issued a “neutral” rating and a $5.50 target price on the stock. BMO Capital Markets reissued 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 reissued an “outperform” rating on shares of Kinross Gold Corp. in a research note on Thursday, June 30th. Deutsche Bank AG raised Kinross Gold Corp. from a “sell” rating to a “hold” rating and raised their target price for the stock from $3.10 to $4.50 in a research note on Wednesday, July 6th. Finally, Jefferies Group raised Kinross Gold Corp. from an “underperform” rating to a “hold” rating and set a $6.00 target price on the stock in a research note on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. Kinross Gold Corp. presently has a consensus rating of “Hold” and a consensus price target of $4.83.

The stock’s market capitalization is $6.76 billion. The firm has a 50-day moving average price of $5.18 and a 200 day moving average price of $4.06.

Kinross Gold Corp. (NYSE:KGC) last posted its quarterly earnings data on Wednesday, July 27th. The mining company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. The company had revenue of $876.40 million for the quarter, compared to the consensus estimate of $841.98 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Kinross Gold Corp.’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts anticipate 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. OppenheimerFunds Inc. increased its position in Kinross Gold Corp. (NYSE:KGC) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,800,487 shares of the mining company’s stock after buying an additional 100,487 shares during the period. OppenheimerFunds Inc. owned approximately 0.24% of Kinross Gold Corp. worth $5,097,000 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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