Kinross Gold (NYSE:KGC) Stock Rating Upgraded by Wall Street Zen

Kinross Gold (NYSE:KGC) (TSE:K) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

A number of other research analysts have also recently commented on KGC. Cormark cut shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. UBS Group set a $43.00 target price on Kinross Gold in a research report on Friday, January 30th. Desjardins began coverage on Kinross Gold in a research note on Friday, November 28th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “buy (a)” rating on shares of Kinross Gold in a research note on Wednesday, January 28th. Finally, Canadian Imperial Bank of Commerce set a $54.00 price objective on Kinross Gold in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinross Gold has an average rating of “Moderate Buy” and an average target price of $34.81.

Kinross Gold Stock Down 0.1%

KGC opened at $33.42 on Friday. The company has a market capitalization of $40.10 billion, a P/E ratio of 17.05, a P/E/G ratio of 0.36 and a beta of 0.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.35 and a quick ratio of 1.68. The firm’s fifty day moving average price is $32.18 and its two-hundred day moving average price is $26.65. Kinross Gold has a fifty-two week low of $10.32 and a fifty-two week high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, February 18th. The mining company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. Kinross Gold had a net margin of 33.90% and a return on equity of 28.22%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was up 42.9% compared to the same quarter last year. On average, analysts anticipate that Kinross Gold will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Kinross Gold

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

About Kinross Gold

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.