Kinross Gold Corporation (NYSE:KGC) Given Average Rating of “Moderate Buy” by Brokerages

Kinross Gold Corporation (NYSE:KGC) (TSE:K) has been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $34.8125.

Several equities analysts have commented on KGC shares. Wall Street Zen upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 18th. Jefferies Financial Group restated a “buy” rating and issued a $33.00 target price on shares of Kinross Gold in a report on Sunday, December 7th. Desjardins began coverage on shares of Kinross Gold in a research report on Friday, November 28th. They issued a “buy” rating on the stock. Zacks Research lowered shares of Kinross Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Canadian Imperial Bank of Commerce set a $54.00 price objective on shares of Kinross Gold in a research note on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KGC. V Square Quantitative Management LLC acquired a new stake in shares of Kinross Gold in the fourth quarter valued at approximately $26,000. Financial Management Professionals Inc. purchased a new stake in Kinross Gold in the 4th quarter valued at $26,000. Caitlin John LLC acquired a new stake in Kinross Gold during the 3rd quarter worth $26,000. Virtus Advisers LLC acquired a new stake in Kinross Gold during the 3rd quarter worth $28,000. Finally, GPS Wealth Strategies Group LLC purchased a new position in Kinross Gold during the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Up 2.7%

Kinross Gold stock opened at $32.08 on Friday. The stock has a market cap of $38.49 billion, a PE ratio of 22.43, a P/E/G ratio of 0.35 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.83 and a quick ratio of 1.68. The stock’s fifty day moving average is $30.89 and its two-hundred day moving average is $25.36. Kinross Gold has a 1-year low of $10.32 and a 1-year high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Tuesday, November 4th. The mining company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. Kinross Gold had a return on equity of 22.25% and a net margin of 27.30%.The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm posted $0.24 EPS. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, sell-side analysts expect that Kinross Gold will post 0.81 EPS for the current fiscal year.

Kinross Gold Company Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.