Kinross Gold Corporation (NYSE:KGC) (TSE:K) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also commented on KGC. TD Securities reaffirmed a “buy” rating and set a $5.50 price objective (up previously from $5.00) on shares of Kinross Gold Corporation in a research report on Thursday, May 4th. Berenberg Bank reaffirmed a “hold” rating and set a $4.60 price objective on shares of Kinross Gold Corporation in a research report on Friday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and set a $4.00 price objective (up previously from $3.80) on shares of Kinross Gold Corporation in a research report on Sunday, June 25th. Credit Suisse Group reaffirmed a “hold” rating and set a $5.00 price objective on shares of Kinross Gold Corporation in a research report on Thursday, April 27th. Finally, Scotiabank upped their price objective on shares of Kinross Gold Corporation from $4.50 to $4.75 and gave the company a “sector perform” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Kinross Gold Corporation presently has an average rating of “Hold” and a consensus price target of $5.01.

Kinross Gold Corporation (NYSE KGC) traded down 2.75% during trading on Friday, reaching $4.25. The company had a trading volume of 14,313,514 shares. The firm has a 50-day moving average price of $4.11 and a 200 day moving average price of $3.90. Kinross Gold Corporation has a 12-month low of $2.88 and a 12-month high of $4.87. The stock has a market cap of $5.30 billion, a P/E ratio of 101.19 and a beta of 0.22.

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

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Institutional investors have recently made changes to their positions in the company. Rockshelter Capital Management LLC raised its position in shares of Kinross Gold Corporation by 1.6% in the second quarter. Rockshelter Capital Management LLC now owns 987,575 shares of the mining company’s stock worth $4,019,000 after buying an additional 15,925 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Kinross Gold Corporation by 6.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock worth $146,000 after buying an additional 2,116 shares during the last quarter. Gotham Asset Management LLC raised its position in shares of Kinross Gold Corporation by 53.2% in the second quarter. Gotham Asset Management LLC now owns 41,487 shares of the mining company’s stock worth $169,000 after buying an additional 14,398 shares during the last quarter. Odey Asset Management Group Ltd raised its position in shares of Kinross Gold Corporation by 11.1% in the second quarter. Odey Asset Management Group Ltd now owns 26,306,662 shares of the mining company’s stock worth $107,068,000 after buying an additional 2,618,245 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Kinross Gold Corporation during the second quarter worth about $195,000. 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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