Deutsche Bank set a $4.00 price target on Kinross Gold (NYSE:KGC) (TSE:K) in a research report released on Thursday, Stock Target Advisor reports. The brokerage currently has a hold rating on the mining company’s stock.

KGC has been the topic of several other research reports. JPMorgan Chase & Co. raised China Life Insurance from a neutral rating to an overweight rating in a research report on Thursday, May 30th. They noted that the move was a valuation call. ValuEngine raised Xylem from a hold rating to a buy rating in a research report on Friday, June 21st. Finally, Zacks Investment Research downgraded Guaranty Federal Bancshares from a hold rating to a sell rating in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Kinross Gold has a consensus rating of Hold and a consensus price target of $3.77.

Shares of Kinross Gold stock opened at $4.05 on Thursday. The firm has a fifty day simple moving average of $3.61. The company has a market cap of $5.07 billion, a P/E ratio of 40.50 and a beta of 0.01. The company has a quick ratio of 1.12, a current ratio of 3.02 and a debt-to-equity ratio of 0.41. Kinross Gold has a 52 week low of $2.38 and a 52 week high of $4.13.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Tuesday, May 7th. The mining company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The company had revenue of $786.20 million for the quarter, compared to the consensus estimate of $800.70 million. Kinross Gold had a positive return on equity of 1.88% and a negative net margin of 2.10%. Kinross Gold’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. On average, equities analysts anticipate that Kinross Gold will post 0.15 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. K.J. Harrison & Partners Inc bought a new position in shares of Kinross Gold during the 1st quarter worth $34,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Kinross Gold during the 1st quarter worth $33,000. PNC Financial Services Group Inc. grew its position in shares of Kinross Gold by 65.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,679 shares of the mining company’s stock worth $45,000 after buying an additional 5,390 shares in the last quarter. Maven Securities LTD bought a new position in shares of Kinross Gold during the 4th quarter worth $44,000. Finally, Sigma Planning Corp bought a new position in shares of Kinross Gold during the 1st quarter worth $52,000. 58.93% of the stock is currently owned by institutional investors and hedge funds.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.

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Analyst Recommendations for Kinross Gold (NYSE:KGC)

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