BMO Capital Markets reaffirmed their buy rating on shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) in a research note released on Wednesday morning. They currently have a $5.25 target price on the mining company’s stock.

A number of other analysts have also weighed in on the company. Royal Bank Of Canada reissued an outperform rating on shares of Kinross Gold Corporation in a research note on Thursday, September 7th. Citigroup Inc. raised Kinross Gold Corporation from a sell rating to a neutral rating and increased their price objective for the company from $3.25 to $4.75 in a research note on Friday, September 1st. ValuEngine raised Kinross Gold Corporation from a sell rating to a hold rating in a research note on Friday, September 1st. BidaskClub raised Kinross Gold Corporation from a sell rating to a hold rating in a research note on Friday, August 18th. Finally, Jefferies Group LLC set a $4.00 price objective on Kinross Gold Corporation and gave the company a hold rating in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Kinross Gold Corporation currently has a consensus rating of Hold and a consensus price target of $5.17.

Kinross Gold Corporation (NYSE:KGC) opened at 4.25 on Wednesday. The stock has a 50 day moving average of $4.41 and a 200-day moving average of $4.01. Kinross Gold Corporation has a 12 month low of $2.88 and a 12 month high of $4.91. The firm has a market cap of $5.30 billion, a P/E ratio of 101.19 and a beta of 0.18.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, August 2nd. The mining company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $868.60 million during the quarter, compared to analyst estimates of $825.02 million. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Equities research analysts predict that Kinross Gold Corporation will post $0.10 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the business. Korea Investment CORP lifted its position in Kinross Gold Corporation by 1.9% during the second quarter. Korea Investment CORP now owns 78,457 shares of the mining company’s stock valued at $318,000 after buying an additional 1,448 shares during the period. World Asset Management Inc lifted its position in Kinross Gold Corporation by 2.6% during the first quarter. World Asset Management Inc now owns 77,447 shares of the mining company’s stock valued at $272,000 after buying an additional 1,932 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Kinross Gold Corporation by 6.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock valued at $146,000 after buying an additional 2,116 shares during the period. Creative Planning lifted its position in Kinross Gold Corporation by 14.2% during the second quarter. Creative Planning now owns 44,435 shares of the mining company’s stock valued at $181,000 after buying an additional 5,514 shares during the period. Finally, IFP Advisors Inc lifted its position in Kinross Gold Corporation by 22.0% during the second quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock valued at $158,000 after buying an additional 7,000 shares during the period. 59.56% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Corporation Company Profile

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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