Analysts Set Kinross Gold Co. (KGC) PT at $4.33

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.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, August 1st. The mining company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $775.00 million during the quarter, compared to analyst estimates of $803.96 million. Kinross Gold had a return on equity of 5.73% and a net margin of 11.67%. Kinross Gold’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 EPS. sell-side analysts expect that Kinross Gold will post 0.19 EPS for the current fiscal year.

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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Analyst Recommendations for Kinross Gold (NYSE:KGC)

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