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

Shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $6.44.

KGC has been the subject of a number of analyst reports. TheStreet downgraded Kinross Gold from a “b” rating to a “c+” rating in a research note on Friday, February 16th. CIBC boosted their price target on 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 reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Jefferies Financial Group boosted their price target on Kinross Gold from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Finally, StockNews.com raised Kinross Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd.

Kinross Gold Stock Up 0.1 %

KGC opened at $6.74 on Friday. Kinross Gold has a fifty-two week low of $4.32 and a fifty-two week high of $6.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.95 and a current ratio of 2.63. The company has a market capitalization of $8.28 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.09 and a beta of 1.15. The stock has a fifty day moving average of $5.83 and a 200-day moving average of $5.65.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Thursday, February 15th. The mining company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Kinross Gold had a return on equity of 8.85% and a net margin of 9.82%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that Kinross Gold will post 0.4 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Tuesday, March 5th. Kinross Gold’s dividend payout ratio is presently 35.29%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Kinross Gold by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 44,932,404 shares of the mining company’s stock valued at $271,841,000 after acquiring an additional 528,121 shares during the last quarter. Norges Bank bought a new position in Kinross Gold in the fourth quarter valued at about $265,327,000. Ruffer LLP grew its holdings in shares of Kinross Gold by 4.6% during the fourth 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 grew its holdings in shares of Kinross Gold by 44.0% during the fourth 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, Mackenzie Financial Corp grew its holdings in shares of Kinross Gold by 13.3% during the fourth quarter. Mackenzie Financial Corp now owns 10,593,655 shares of the mining company’s stock worth $64,151,000 after purchasing an additional 1,239,966 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

About Kinross Gold

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.