Kinross Gold Corp.’s (KGC) “Neutral” Rating Reiterated at Citigroup Inc.
Kinross Gold Corp. (NYSE:KGC)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Citigroup Inc. in a report issued on Monday.
KGC has been the topic of several other research reports. BMO Capital Markets reiterated a “buy” rating and issued a $6.50 price target on shares of Kinross Gold Corp. in a report on Thursday, July 28th. Vetr upgraded Kinross Gold Corp. from a “buy” rating to a “strong-buy” rating and set a $5.63 target price on the stock in a report on Monday, August 22nd. Zacks Investment Research upgraded Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Thursday, August 4th. HSBC restated a “buy” rating on shares of Kinross Gold Corp. in a report on Thursday, July 7th. Finally, Berenberg Bank initiated coverage on Kinross Gold Corp. in a report on Wednesday, September 7th. They set a “hold” rating and a $4.60 target price on the stock. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Kinross Gold Corp. has a consensus rating of “Buy” and an average price target of $5.43.
Kinross Gold Corp. (NYSE:KGC) traded up 1.10% during trading on Monday, reaching $3.66. The company had a trading volume of 13,082,833 shares. Kinross Gold Corp. has a 52-week low of $1.31 and a 52-week high of $5.82. The company has a 50 day moving average price of $4.09 and a 200 day moving average price of $4.69. The company’s market capitalization is $4.56 billion.
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Kinross Gold Corp. (NYSE:KGC) last posted its quarterly earnings results on Wednesday, July 27th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.02. The firm earned $876.40 million during the quarter, compared to the consensus estimate of $841.98 million. Kinross Gold Corp. had a negative net margin of 29.41% and a negative return on equity of 2.35%. Kinross Gold Corp.’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) EPS. On average, equities analysts forecast that Kinross Gold Corp. will post $0.11 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Concert Wealth Management Inc. raised its position in Kinross Gold Corp. by 8.4% in the second quarter. Concert Wealth Management Inc. now owns 21,675 shares of the mining company’s stock worth $106,000 after buying an additional 1,675 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Kinross Gold Corp. during the second quarter worth $169,000. Bayesian Capital Management LP acquired a new position in Kinross Gold Corp. during the first quarter worth $121,000. IFP Advisors Inc raised its position in Kinross Gold Corp. by 52.9% in the second quarter. IFP Advisors Inc now owns 42,620 shares of the mining company’s stock worth $208,000 after buying an additional 14,750 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in Kinross Gold Corp. during the second quarter worth $216,000. 62.06% of the stock is currently owned by hedge funds and other institutional investors.
Kinross Gold Corp. Company Profile
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.
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