Kinross Gold (NYSE:KGC - Get Free Report) TSE: K had its price objective hoisted by CIBC from $21.00 to $22.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "outperformer" rating on the mining company's stock. CIBC's target price would suggest a potential upside of 35.80% from the stock's current price.
A number of other equities analysts have also commented on the stock. BMO Capital Markets initiated coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, June 24th. Wall Street Zen raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Royal Bank Of Canada lifted their price target on shares of Kinross Gold from $14.00 to $19.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Finally, Jefferies Financial Group upgraded shares of Kinross Gold from a "hold" rating to a "buy" rating and upped their target price for the stock from $14.00 to $18.00 in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $18.20.
Get Our Latest Stock Report on Kinross Gold
Kinross Gold Stock Performance
Shares of Kinross Gold stock traded up $0.20 on Friday, reaching $16.20. 19,011,616 shares of the company traded hands, compared to its average volume of 21,048,600. Kinross Gold has a 52 week low of $7.84 and a 52 week high of $16.52. The company has a 50 day moving average of $15.47 and a 200 day moving average of $13.51. The firm has a market capitalization of $19.74 billion, a PE ratio of 13.06, a PEG ratio of 0.54 and a beta of 0.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.83 and a quick ratio of 1.22.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Wednesday, July 30th. The mining company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.11. Kinross Gold had a net margin of 25.18% and a return on equity of 20.50%. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the company posted $0.14 EPS. Kinross Gold's revenue was up 41.7% compared to the same quarter last year. Equities analysts forecast that Kinross Gold will post 0.81 earnings per share for the current year.
Institutional Trading of Kinross Gold
A number of institutional investors have recently bought and sold shares of the stock. Banque Cantonale Vaudoise purchased a new stake in Kinross Gold in the 1st quarter worth $55,000. IFP Advisors Inc increased its holdings in Kinross Gold by 19.1% in the 2nd quarter. IFP Advisors Inc now owns 5,210 shares of the mining company's stock worth $81,000 after acquiring an additional 835 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Kinross Gold by 188.6% in the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock worth $71,000 after acquiring an additional 3,659 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Kinross Gold during the first quarter worth $77,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of Kinross Gold by 68.6% during the first quarter. Bruce G. Allen Investments LLC now owns 6,295 shares of the mining company's stock worth $79,000 after buying an additional 2,561 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.
About Kinross Gold
(
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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.
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