Kinross Gold Corporation (NYSE:KGC) (TSE:K) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Monday.

KGC has been the subject of several other reports. BMO Capital Markets upgraded Kinross Gold Corporation from a “market perform” rating to a “buy” rating and raised their price target for the stock from $3.75 to $5.00 in a research report on Monday, May 29th. Zacks Investment Research cut Kinross Gold Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Jefferies Group LLC increased their price objective on Kinross Gold Corporation from $3.50 to $4.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Scotiabank set a $4.00 price objective on Kinross Gold Corporation and gave the company a “sector perform” rating in a research note on Thursday, May 4th. Finally, Deutsche Bank AG reduced their price objective on Kinross Gold Corporation from $4.00 to $3.80 and set a “hold” rating on the stock in a research note on Tuesday, March 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kinross Gold Corporation presently has a consensus rating of “Hold” and an average target price of $4.90.

Analyst Recommendations for Kinross Gold Corporation (NYSE:KGC)

Shares of Kinross Gold Corporation (KGC) traded down 0.856% during midday trading on Monday, reaching $4.055. The company’s stock had a trading volume of 6,004,729 shares. The company’s market capitalization is $5.06 billion. The stock’s 50-day moving average is $4.10 and its 200-day moving average is $3.67. Kinross Gold Corporation has a one year low of $2.88 and a one year high of $5.81. Kinross Gold Corporation also was the target of unusually large options trading on Friday. Stock traders bought 51,024 put options on the stock. This represents an increase of 595% compared to the average daily volume of 7,342 put options.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Tuesday, May 2nd. The mining company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Kinross Gold Corporation had a positive return on equity of 2.13% and a negative net margin of 0.13%. The business had revenue of $796.10 million during the quarter, compared to analyst estimates of $790.06 million. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities analysts expect that Kinross Gold Corporation will post $0.06 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of KGC. Van ECK Associates Corp boosted its stake in Kinross Gold Corporation by 15.9% in the first quarter. Van ECK Associates Corp now owns 101,123,425 shares of the mining company’s stock worth $354,943,000 after buying an additional 13,902,629 shares in the last quarter. Norges Bank acquired a new stake in Kinross Gold Corporation during the fourth quarter worth $39,751,000. Contrarius Investment Management Ltd boosted its stake in Kinross Gold Corporation by 63.8% in the first quarter. Contrarius Investment Management Ltd now owns 15,588,099 shares of the mining company’s stock worth $54,714,000 after buying an additional 6,071,866 shares in the last quarter. Hexavest Inc. boosted its stake in Kinross Gold Corporation by 117.8% in the first quarter. Hexavest Inc. now owns 5,923,356 shares of the mining company’s stock worth $20,804,000 after buying an additional 3,203,315 shares in the last quarter. Finally, Credit Agricole S A boosted its stake in Kinross Gold Corporation by 297.8% in the fourth quarter. Credit Agricole S A now owns 3,278,178 shares of the mining company’s stock worth $10,195,000 after buying an additional 2,454,052 shares in the last quarter. Institutional investors own 60.39% of the company’s stock.

About Kinross Gold Corporation

Kinross Gold Corporation is a 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. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

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