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

Kinross Gold Corporation (NYSE:KGC - Get Free Report) TSE: K has been given an average recommendation of "Buy" by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $17.00.

A number of research analysts recently weighed in on the stock. CIBC reissued an "outperform" rating on shares of Kinross Gold in a report on Tuesday, May 13th. Wall Street Zen raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Raymond James Financial lifted their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday, April 4th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, BMO Capital Markets assumed coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating for the company.

Institutional Trading of Kinross Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its position in shares of Kinross Gold by 109.3% during the fourth 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 lifted its position in shares of Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Kinross Gold during the fourth quarter worth $42,000. Global Retirement Partners LLC lifted its position in shares of Kinross Gold by 747.0% during the fourth 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 last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Kinross Gold during the first quarter worth $55,000. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Trading Up 3.5%

KGC stock opened at $15.84 on Friday. The firm has a fifty day moving average price of $14.86 and a 200 day moving average price of $12.48. Kinross Gold has a fifty-two week low of $7.84 and a fifty-two week high of $16.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 2.83. The firm has a market cap of $19.43 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 0.63 and a beta of 0.63.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm posted $0.10 earnings per share. Kinross Gold's revenue for the quarter was up 38.5% compared to the same quarter last year. Sell-side analysts anticipate that Kinross Gold will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.76%. Kinross Gold's dividend payout ratio (DPR) is 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.

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