Kinross Gold Corporation (NYSE:KGC) (TSE:K) received a $4.00 target price from investment analysts at Jefferies Group LLC in a research note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the mining company’s stock. Jefferies Group LLC’s price objective would indicate a potential downside of 4.08% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. TD Securities upgraded shares of Kinross Gold Corporation from a “buy” rating to an “action list buy” rating and set a $5.50 target price on the stock in a research note on Wednesday, May 10th. BMO Capital Markets upgraded shares of Kinross Gold Corporation from a “market perform” rating to a “buy” rating and boosted their price target for the stock from $3.75 to $5.00 in a research note on Monday, May 29th. Bank of America Corporation upgraded shares of Kinross Gold Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. BidaskClub cut shares of Kinross Gold Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Finally, Berenberg Bank reiterated a “hold” rating and issued a $4.60 price target on shares of Kinross Gold Corporation in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $5.01.

Shares of Kinross Gold Corporation (NYSE KGC) opened at 4.21 on Tuesday. Kinross Gold Corporation has a 12 month low of $2.88 and a 12 month high of $5.11. The stock has a market cap of $5.25 billion, a P/E ratio of 100.24 and a beta of 0.22. The company has a 50 day moving average price of $4.09 and a 200-day moving average price of $3.89.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The company had revenue of $868.60 million for the quarter, compared to analysts’ expectations of $825.02 million. During the same quarter in the previous year, the company earned ($0.01) EPS. Kinross Gold Corporation’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities research analysts predict that Kinross Gold Corporation will post $0.10 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in KGC. ING Groep NV boosted its stake in shares of Kinross Gold Corporation by 36.0% in the first quarter. ING Groep NV now owns 94,480 shares of the mining company’s stock valued at $332,000 after buying an additional 25,000 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of Kinross Gold Corporation by 2.5% in the first quarter. APG Asset Management N.V. now owns 13,465,859 shares of the mining company’s stock valued at $47,355,000 after buying an additional 331,000 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Kinross Gold Corporation by 76.3% in the first quarter. Great West Life Assurance Co. Can now owns 3,204,195 shares of the mining company’s stock valued at $11,256,000 after buying an additional 1,387,018 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Kinross Gold Corporation by 15.1% in the first quarter. Wells Fargo & Company MN now owns 91,788 shares of the mining company’s stock valued at $322,000 after buying an additional 12,016 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its stake in shares of Kinross Gold Corporation by 263.8% in the first quarter. Essex Investment Management Co. LLC now owns 425,348 shares of the mining company’s stock valued at $1,493,000 after buying an additional 308,425 shares in the last quarter. Hedge funds and other institutional investors own 60.27% of the company’s stock.

Kinross Gold Corporation Company Profile

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.

Analyst Recommendations for Kinross Gold Corporation (NYSE:KGC)

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