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 received an average recommendation of "Buy" from the eight research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.30.

Several equities research analysts have recently issued reports on KGC shares. CIBC lifted their price target on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Monday, April 14th.

Hedge Funds Weigh In On Kinross Gold

A number of large investors have recently modified their holdings of KGC. Capital Investment Advisors LLC lifted its holdings in shares of Kinross Gold by 3.1% in the first quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company's stock valued at $351,000 after purchasing an additional 850 shares in the last quarter. Signaturefd LLC increased its holdings in Kinross Gold by 2.2% during the fourth quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock worth $381,000 after buying an additional 865 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its position 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. TD Private Client Wealth LLC raised its holdings in shares of Kinross Gold by 2.4% in the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock valued at $423,000 after purchasing an additional 1,079 shares during the period. Finally, Schechter Investment Advisors LLC lifted its stake in Kinross Gold by 2.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock valued at $367,000 after purchasing an additional 1,080 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Stock Up 2.6 %

Shares of Kinross Gold stock opened at $15.59 on Thursday. The company has a market cap of $19.19 billion, a P/E ratio of 20.25, a P/E/G ratio of 0.68 and a beta of 0.64. Kinross Gold has a 1 year low of $6.78 and a 1 year high of $15.96. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $13.02 and a 200 day moving average price of $11.26.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. The company's revenue was up 38.5% compared to the same quarter last year. As a group, analysts expect that Kinross Gold will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.77%. Kinross Gold's dividend payout ratio is 15.58%.

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.

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