National Bank Financial Reiterates “Sector Perform Market Weight” Rating for Kinross Gold Corporation (KGC)
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.
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