Kinross Gold (NYSE:KGC) (TSE:K) received a $5.00 price target from research analysts at BMO Capital Markets in a report released on Tuesday. The firm presently has a “buy” rating on the mining company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 21.65% from the stock’s current price.
A number of other equities research analysts have also commented on the stock. Desjardins restated a “sell” rating on shares of Kinross Gold in a report on Monday, December 11th. Macquarie upgraded shares of Kinross Gold from a “neutral” rating to an “outperform” rating and lowered their price target 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 price target on shares of Kinross Gold and gave the company a “buy” rating in a research note on Monday, October 30th. TD Securities set a $6.00 price target on shares of Kinross Gold and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, Jefferies Group set a $4.00 price target on shares of Kinross Gold and gave the company a “hold” rating in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $4.86.
Shares of Kinross Gold (NYSE:KGC) remained flat at $$4.11 during trading hours on Tuesday. The company’s stock had a trading volume of 8,879,900 shares, compared to its average volume of 10,970,629. Kinross Gold has a 12 month low of $2.88 and a 12 month high of $4.91. The company has a quick ratio of 2.18, a current ratio of 3.96 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $5,125.17, a price-to-earnings ratio of 45.67 and a beta of 0.11.
Hedge funds have recently modified their holdings of the business. Commerzbank Aktiengesellschaft FI increased its stake in shares of Kinross Gold by 56.1% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 2,033,931 shares of the mining company’s stock worth $8,278,000 after purchasing an additional 730,634 shares during the last quarter. Contrarius Investment Management Ltd increased its stake in shares of Kinross Gold by 4.0% during the 2nd quarter. Contrarius Investment Management Ltd now owns 16,214,176 shares of the mining company’s stock worth $65,992,000 after purchasing an additional 626,077 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Kinross Gold by 2.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 1,350,184 shares of the mining company’s stock worth $5,479,000 after purchasing an additional 31,400 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Kinross Gold by 39.8% during the 2nd quarter. Alliancebernstein L.P. now owns 155,518 shares of the mining company’s stock worth $633,000 after purchasing an additional 44,296 shares during the last quarter. Finally, Korea Investment CORP increased its stake in shares of Kinross Gold by 71.0% during the 3rd quarter. Korea Investment CORP now owns 134,148 shares of the mining company’s stock worth $567,000 after purchasing an additional 55,691 shares during the last quarter. Hedge funds and other institutional investors own 55.79% of the company’s stock.
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Kinross Gold 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.
