Shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) have been given an average rating of “Hold” by the fourteen research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.35.
A number of research firms have commented on KGC. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Kinross Gold in a research report on Monday, June 18th. TD Securities lowered Kinross Gold from an “action list buy” rating to a “buy” rating and lowered their price target for the company from $6.00 to $5.50 in a research report on Saturday, July 14th. BMO Capital Markets reiterated a “hold” rating and set a $3.50 target price on shares of Kinross Gold in a report on Friday. JPMorgan Chase & Co. reduced their target price on Kinross Gold from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, September 17th. Finally, ValuEngine downgraded Kinross Gold from a “sell” rating to a “strong sell” rating in a report on Friday, August 17th.
KGC traded down $0.06 during midday trading on Monday, reaching $2.95. 23,375,668 shares of the company’s stock traded hands, compared to its average volume of 8,036,884. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 21.07 and a beta of 0.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.71 and a quick ratio of 1.88. Kinross Gold has a 52 week low of $2.67 and a 52 week high of $4.78.
Hedge funds have recently bought and sold shares of the business. Regentatlantic Capital LLC grew its holdings in shares of Kinross Gold by 152.1% during the 2nd quarter. Regentatlantic Capital LLC now owns 28,135 shares of the mining company’s stock worth $106,000 after acquiring an additional 16,975 shares during the period. Vanguard Capital Wealth Advisors purchased a new stake in shares of Kinross Gold in the 2nd quarter worth approximately $182,000. Nomura Holdings Inc. purchased a new stake in shares of Kinross Gold in the 2nd quarter worth approximately $248,000. Tower Research Capital LLC TRC grew its stake in shares of Kinross Gold by 4,393.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 96,161 shares of the mining company’s stock worth $362,000 after buying an additional 94,021 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Kinross Gold by 209.1% in the 1st quarter. GSA Capital Partners LLP now owns 97,619 shares of the mining company’s stock worth $386,000 after buying an additional 66,036 shares during the last quarter. Hedge funds and other institutional investors own 53.68% of the company’s stock.
About Kinross Gold
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.
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