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

Shares of Kinross Gold Co. (NYSE:KGCGet Free Report) (TSE:K) have been given an average rating of “Hold” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.00.

A number of research analysts have commented on the stock. CIBC increased their price objective on shares of Kinross Gold from $7.00 to $8.15 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research note on Wednesday, January 3rd. StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. TheStreet raised shares of Kinross Gold from a “c+” rating to a “b-” rating in a research note on Thursday, November 30th. Finally, TD Securities raised their target price on shares of Kinross Gold from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Monday, November 13th.

View Our Latest Analysis on KGC

Kinross Gold Stock Performance

Shares of KGC opened at $5.21 on Tuesday. Kinross Gold has a 1 year low of $3.40 and a 1 year high of $6.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.06 and a current ratio of 2.70. The company’s 50 day simple moving average is $5.73 and its 200 day simple moving average is $5.31. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 0.87 and a beta of 1.16.

Institutional Investors Weigh In On Kinross Gold

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Kinross Gold in the 4th quarter valued at approximately $265,327,000. Millennium Management LLC grew its stake in shares of Kinross Gold by 207.3% in the fourth quarter. Millennium Management LLC now owns 16,449,766 shares of the mining company’s stock valued at $67,244,000 after buying an additional 11,097,512 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of Kinross Gold by 374.2% in the first quarter. 1832 Asset Management L.P. now owns 11,766,352 shares of the mining company’s stock valued at $68,230,000 after buying an additional 9,285,284 shares in the last quarter. Boston Partners boosted its position in Kinross Gold by 96.1% during the third quarter. Boston Partners now owns 11,736,328 shares of the mining company’s stock worth $53,518,000 after purchasing an additional 5,752,397 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Kinross Gold by 3.1% during the second quarter. Van ECK Associates Corp now owns 150,701,196 shares of the mining company’s stock worth $718,851,000 after buying an additional 4,529,091 shares in the last quarter. Institutional investors own 49.80% of the company’s stock.

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. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

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Analyst Recommendations for Kinross Gold (NYSE:KGC)

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