Kinross Gold Corporation (NYSE:KGC) (TSE:K) has been given an average rating of “Hold” by the seventeen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $4.88.

Several research firms have issued reports on KGC. Macquarie upgraded shares of Kinross Gold Corporation from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $4.40 to $4.37 in a research note on Friday, November 10th. Royal Bank Of Canada set a $5.00 target price on shares of Kinross Gold Corporation and gave the company a “buy” rating in a research note on Monday, October 30th. TD Securities set a $6.00 target price on shares of Kinross Gold Corporation and gave the company a “buy” rating in a research note on Thursday, October 19th. Jefferies Group LLC set a $4.00 target price on shares of Kinross Gold Corporation and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research cut shares of Kinross Gold Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 6th.

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Kinross Gold Corporation (KGC) opened at $4.24 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.18 and a current ratio of 3.96. The stock has a market cap of $5,290.00, a PE ratio of 48.11 and a beta of 0.09. Kinross Gold Corporation has a one year low of $2.88 and a one year high of $4.91.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The business had revenue of $828.00 million for the quarter, compared to analysts’ expectations of $787.40 million. Kinross Gold Corporation had a net margin of 3.28% and a return on equity of 2.58%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. equities research analysts forecast that Kinross Gold Corporation will post 0.14 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its holdings in Kinross Gold Corporation by 519.9% in the 3rd quarter. GSA Capital Partners LLP now owns 235,222 shares of the mining company’s stock worth $997,000 after acquiring an additional 197,278 shares in the last quarter. Virtu Financial LLC increased its holdings in Kinross Gold Corporation by 388.3% in the 3rd quarter. Virtu Financial LLC now owns 242,545 shares of the mining company’s stock worth $311,000 after acquiring an additional 192,870 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in Kinross Gold Corporation by 152.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 76,802 shares of the mining company’s stock worth $326,000 after acquiring an additional 46,364 shares in the last quarter. Jane Street Group LLC increased its holdings in Kinross Gold Corporation by 298.3% in the 3rd quarter. Jane Street Group LLC now owns 252,138 shares of the mining company’s stock worth $1,069,000 after acquiring an additional 188,839 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Kinross Gold Corporation by 4.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,090,574 shares of the mining company’s stock worth $8,843,000 after acquiring an additional 98,044 shares in the last quarter. 55.95% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Kinross Gold Corporation (NYSE:KGC)

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