Kinross Gold Corp. (NYSE:KGC) shares were down 2.7% on Friday . The company traded as low as $5.22 and last traded at $5.36, with a volume of 9,179,376 shares changing hands. The stock had previously closed at $5.51.

A number of research analysts recently weighed in on KGC shares. Macquarie raised shares of Kinross Gold Corp. from an “underperform” rating to a “neutral” rating in a report on Friday, July 1st. Credit Suisse Group AG lowered shares of Kinross Gold Corp. from an “outperform” rating to a “neutral” rating and raised their target price for the company from $4.50 to $5.50 in a report on Tuesday, May 3rd. BMO Capital Markets reissued a “buy” rating and issued a $6.50 target price on shares of Kinross Gold Corp. in a report on Thursday, July 28th. Royal Bank Of Canada reissued an “outperform” rating on shares of Kinross Gold Corp. in a report on Thursday, June 30th. Finally, Zacks Investment Research downgraded Kinross Gold Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. Kinross Gold Corp. has an average rating of “Hold” and a consensus price target of $4.79.

The stock’s 50-day moving average is $5.19 and its 200-day moving average is $4.08. The company’s market cap is $6.57 billion.

Kinross Gold Corp. (NYSE:KGC) last issued its earnings results on Wednesday, July 27th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business earned $876.40 million during the quarter, compared to the consensus estimate of $841.98 million. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. Equities research analysts expect that Kinross Gold Corp. will post $0.10 EPS for the current fiscal year.

A hedge fund recently raised its stake in Kinross Gold Corp. stock. State of Wisconsin Investment Board raised its position in Kinross Gold Corp. (NYSE:KGC) by 69.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 995,784 shares of the mining company’s stock after buying an additional 408,900 shares during the period. State of Wisconsin Investment Board owned approximately 0.09% of Kinross Gold Corp. worth $1,799,000 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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