Kinross Gold Co. (NYSE:KGC) Receives Average Recommendation of “Hold” from Brokerages

Kinross Gold Co. (NYSE:KGCGet Free Report) (TSE:K) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $6.05.

A number of equities research analysts have recently weighed in on the stock. CIBC boosted their price objective on shares of Kinross Gold from $7.00 to $8.15 and gave the company an “outperform” rating in a report on Wednesday, February 7th. TheStreet lowered shares of Kinross Gold from a “b” rating to a “c+” rating in a report on Friday, February 16th. Jefferies Financial Group assumed coverage on shares of Kinross Gold in a report on Thursday, February 29th. They issued a “hold” rating and a $5.00 price target on the stock. StockNews.com raised shares of Kinross Gold from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a report on Wednesday, January 3rd.

Get Our Latest Analysis on KGC

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Kinross Gold by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 44,932,404 shares of the mining company’s stock worth $271,841,000 after acquiring an additional 528,121 shares during the period. Norges Bank acquired a new position in shares of Kinross Gold in the fourth quarter worth about $265,327,000. Ruffer LLP raised its position in shares of Kinross Gold by 4.6% during the 4th quarter. Ruffer LLP now owns 19,968,341 shares of the mining company’s stock worth $120,908,000 after purchasing an additional 877,104 shares during the last quarter. Boston Partners raised its position in shares of Kinross Gold by 44.0% during the 4th quarter. Boston Partners now owns 16,898,452 shares of the mining company’s stock worth $102,236,000 after purchasing an additional 5,162,124 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Kinross Gold by 207.3% during the 4th quarter. Millennium Management LLC now owns 16,449,766 shares of the mining company’s stock worth $67,244,000 after purchasing an additional 11,097,512 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Price Performance

Shares of KGC opened at $6.27 on Wednesday. The firm has a market capitalization of $7.70 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.28 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.63 and a quick ratio of 0.95. Kinross Gold has a 1-year low of $4.32 and a 1-year high of $6.34. The company’s fifty day moving average price is $5.42 and its 200-day moving average price is $5.44.

Kinross Gold (NYSE:KGCGet Free Report) (TSE:K) last announced its quarterly earnings data on Thursday, February 15th. The mining company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.04 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. On average, equities research analysts predict that Kinross Gold will post 0.33 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were given a $0.03 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.91%. Kinross Gold’s dividend payout ratio (DPR) is currently 35.29%.

Kinross Gold Company Profile

(Get Free Report

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.

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Analyst Recommendations for Kinross Gold (NYSE:KGC)

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