Kinross Gold Corp. (NYSE:KGC) rose 3.4% on Wednesday . The stock traded as high as $4.38 and last traded at $4.31, with a volume of 7,915,215 shares changing hands. The stock had previously closed at $4.17.

KGC has been the subject of several analyst reports. HSBC reissued a “buy” rating on shares of Kinross Gold Corp. in a research report on Thursday, July 7th. Canaccord Genuity raised shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, May 26th. Vetr raised shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $5.70 target price for the company in a research report on Wednesday, July 13th. Zacks Investment Research raised shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Tuesday, July 12th. Finally, TD Securities reaffirmed a “buy” rating and issued a $7.50 target price on shares of Kinross Gold Corp. in a research report on Tuesday, July 26th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Kinross Gold Corp. has a consensus rating of “Buy” and an average price target of $5.15.

The company’s market capitalization is $5.59 billion. The company has a 50 day moving average price of $4.68 and a 200 day moving average price of $4.60.

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Kinross Gold Corp. (NYSE:KGC) last released its quarterly earnings data on Wednesday, July 27th. The mining company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. Kinross Gold Corp. had a negative return on equity of 2.35% and a negative net margin of 29.41%. The business earned $876.40 million during the quarter, compared to analysts’ expectations of $841.98 million. During the same period last year, the company earned ($0.01) earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. Equities research analysts anticipate that Kinross Gold Corp. will post $0.10 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in KGC. Norges Bank acquired a new stake in Kinross Gold Corp. during the fourth quarter worth $9,277,000. Virginia Retirement System purchased a new stake in Kinross Gold Corp. during the first quarter valued at approximately $406,000. CIBC World Markets Inc. raised its stake in Kinross Gold Corp. by 1.3% in the first quarter. CIBC World Markets Inc. now owns 16,312,568 shares of the mining company’s stock valued at $55,463,000 after buying an additional 211,352 shares during the last quarter. BlackRock Fund Advisors raised its stake in Kinross Gold Corp. by 7.9% in the first quarter. BlackRock Fund Advisors now owns 1,149,731 shares of the mining company’s stock valued at $3,909,000 after buying an additional 84,093 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Kinross Gold Corp. by 23.5% in the first quarter. JPMorgan Chase & Co. now owns 6,914,377 shares of the mining company’s stock valued at $23,509,000 after buying an additional 1,315,571 shares during the last quarter. 62.06% of the stock is owned by institutional investors.

About Kinross Gold Corp.

Kinross Gold Corporation is 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. Its segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

5 Day Chart for NYSE:KGC

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