Kinross Gold Co. (NYSE:KGC) Given Average Recommendation of "Buy" by Brokerages

Shares of Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K have been given a consensus recommendation of "Buy" by the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.50.

KGC has been the subject of several research reports. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Raymond James upped their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a report on Friday, April 4th. CIBC raised their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. National Bankshares restated an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets started coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating for the company.

Institutional Trading of Kinross Gold

Several hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after purchasing an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its stake in shares of Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after acquiring an additional 1,002 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Kinross Gold in the 4th quarter worth approximately $42,000. Global Retirement Partners LLC boosted its position in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after purchasing an additional 4,788 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in Kinross Gold in the 1st quarter valued at approximately $55,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Performance

Kinross Gold stock traded up $0.15 during mid-day trading on Thursday, hitting $13.85. The company had a trading volume of 5,254,722 shares, compared to its average volume of 18,009,376. The company has a market capitalization of $17.04 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 0.68 and a beta of 0.64. The company's fifty day moving average is $13.22 and its 200-day moving average is $11.35. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold has a 12-month low of $7.20 and a 12-month high of $15.96.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.08. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the firm posted $0.10 EPS. Kinross Gold's revenue was up 38.5% compared to the same quarter last year. Equities research analysts predict that Kinross Gold will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is presently 12.24%.

Kinross Gold Company Profile

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.