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.

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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.

Analyst Recommendations for Kinross Gold Corporation (NYSE:KGC)

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