Kinross Gold Corporation (NYSE:KGC) Price Target Increased to $6.00 by Analysts at TD Securities
Kinross Gold Corporation (NYSE:KGC) (TSE:K) had its price objective hoisted by TD Securities from $5.50 to $6.00 in a research note published on Thursday. The brokerage currently has an action list buy rating on the mining company’s stock.
A number of other equities analysts also recently weighed in on KGC. Zacks Investment Research downgraded shares of Kinross Gold Corporation from a hold rating to a sell rating in a report on Tuesday, April 18th. Jefferies Group LLC boosted their target price on shares of Kinross Gold Corporation from $3.50 to $4.00 and gave the stock a hold rating in a report on Wednesday, April 19th. Credit Suisse Group restated a hold rating and set a $5.00 target price on shares of Kinross Gold Corporation in a report on Thursday, April 27th. CIBC upgraded shares of Kinross Gold Corporation from a sector perform rating to a sector outperform rating in a report on Wednesday, May 3rd. Finally, Scotiabank set a $4.00 target price on shares of Kinross Gold Corporation and gave the stock a sector perform rating in a report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $4.99.
Kinross Gold Corporation (NYSE KGC) traded down 3.24% during mid-day trading on Thursday, hitting $4.18. 16,249,040 shares of the company traded hands. The company’s 50-day moving average is $4.07 and its 200-day moving average is $3.85. Kinross Gold Corporation has a one year low of $2.88 and a one year high of $5.56. The stock’s market capitalization is $5.21 billion.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The business had revenue of $868.60 million for the quarter, compared to the consensus estimate of $825.02 million. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) earnings per share. Analysts predict that Kinross Gold Corporation will post $0.07 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This story was published by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.dailypolitical.com/2017/08/06/kinross-gold-corporation-nysekgc-price-target-increased-to-6-00-by-analysts-at-td-securities.html.
Several institutional investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. increased its position in Kinross Gold Corporation by 10.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 4,303,484 shares of the mining company’s stock valued at $13,446,000 after buying an additional 408,647 shares in the last quarter. Creative Planning increased its position in Kinross Gold Corporation by 42.7% in the first quarter. Creative Planning now owns 38,921 shares of the mining company’s stock valued at $137,000 after buying an additional 11,643 shares in the last quarter. Bank of Montreal Can increased its position in Kinross Gold Corporation by 6.9% in the first quarter. Bank of Montreal Can now owns 17,931,932 shares of the mining company’s stock valued at $62,941,000 after buying an additional 1,159,776 shares in the last quarter. Capstone Asset Management Co. increased its position in Kinross Gold Corporation by 3.1% in the first quarter. Capstone Asset Management Co. now owns 112,447 shares of the mining company’s stock valued at $395,000 after buying an additional 3,420 shares in the last quarter. Finally, Hexavest Inc. increased its position in Kinross Gold Corporation by 117.8% in the first quarter. Hexavest Inc. now owns 5,923,356 shares of the mining company’s stock valued at $20,804,000 after buying an additional 3,203,315 shares in the last quarter. Hedge funds and other institutional investors own 60.64% of the company’s stock.
About Kinross Gold Corporation
Kinross Gold Corporation is a 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. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
Receive News & Ratings for Kinross Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold Corporation and related companies with MarketBeat.com's FREE daily email newsletter.