National Bank Financial restated their sector perform market weight rating on shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) in a report published on Thursday.

Several other analysts also recently issued reports on KGC. Zacks Investment Research downgraded shares of Kinross Gold Corporation from a hold rating to a sell rating in a research report on Tuesday, April 18th. Jefferies Group LLC increased their price objective on shares of Kinross Gold Corporation from $3.50 to $4.00 and gave the company a hold rating in a research report on Wednesday, April 19th. Credit Suisse Group reaffirmed a hold rating and issued a $5.00 price objective on shares of Kinross Gold Corporation in a research report on Thursday, April 27th. CIBC raised shares of Kinross Gold Corporation from a sector perform rating to a sector outperform rating in a research report on Wednesday, May 3rd. Finally, TD Securities reaffirmed a buy rating and issued a $5.50 price objective (up previously from $5.00) on shares of Kinross Gold Corporation in a research report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $4.99.

Kinross Gold Corporation (NYSE:KGC) opened at 4.18 on Thursday. Kinross Gold Corporation has a 12-month low of $2.88 and a 12-month high of $5.56. The firm’s 50-day moving average is $4.07 and its 200 day moving average is $3.85. The firm’s market cap is $5.21 billion.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Wednesday, August 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The company had revenue of $868.60 million during the quarter, compared to the consensus estimate of $825.02 million. During the same quarter last year, the company earned ($0.01) earnings per share. Kinross Gold Corporation’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts predict that Kinross Gold Corporation will post $0.07 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in KGC. Bank of Montreal Can increased its stake 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 worth $62,941,000 after buying an additional 1,159,776 shares during the last quarter. FMR LLC increased its position in Kinross Gold Corporation by 18.7% in the first quarter. FMR LLC now owns 3,643,767 shares of the mining company’s stock worth $12,851,000 after buying an additional 573,328 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in Kinross Gold Corporation by 69.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 2,059,382 shares of the mining company’s stock worth $7,243,000 after buying an additional 844,509 shares in the last quarter. 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 worth $13,446,000 after buying an additional 408,647 shares in the last quarter. Finally, 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 worth $395,000 after buying an additional 3,420 shares in the last quarter. 60.64% of the stock is owned by institutional investors and hedge funds.

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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