Kinross Gold (NYSE:KGC) Rating Increased to Moderate Buy at ATB Cormark Capital Markets

Key Points

• ATB Cormark upgraded Kinross Gold from "hold" to "moderate buy," reflecting analyst support that contributes to a consensus Moderate Buy rating with an average target price of $38.81.
• Kinross posted a strong Q1 with EPS of $0.71 (beat), revenue up 60.8% YoY to $2.37B (slightly under consensus), and record Q1 free cash flow of US$837.5M, while returning about US$350M to shareholders YTD via buybacks and a US$0.04 quarterly dividend.
• Shares trade near $29.55 with a P/E of 12.5 and market cap of ~$35.3B, supported by low leverage (debt/equity 0.08) and roughly 63.7% institutional ownership.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K was upgraded by equities research analysts at ATB Cormark Capital Markets from a "hold" rating to a "moderate buy" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other equities analysts have also recently weighed in on KGC. Canadian Imperial Bank of Commerce set a $54.00 price objective on Kinross Gold in a research report on Wednesday, February 4th. Scotiabank raised their price objective on shares of Kinross Gold from $32.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. Wall Street Zen downgraded shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 25th. TD Securities lowered their price objective on shares of Kinross Gold from $43.00 to $42.00 and set a "buy" rating on the stock in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada upgraded shares of Kinross Gold from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $36.00 to $45.00 in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.81.

Kinross Gold Price Performance

KGC opened at $29.55 on Friday. The stock has a fifty day moving average of $32.10 and a 200-day moving average of $30.06. The firm has a market capitalization of $35.29 billion, a P/E ratio of 12.52, a PEG ratio of 1.44 and a beta of 0.73. Kinross Gold has a 12-month low of $13.28 and a 12-month high of $39.11. The company has a quick ratio of 1.37, a current ratio of 2.84 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data on Wednesday, April 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.Kinross Gold's quarterly revenue was up 60.8% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. Equities analysts forecast that Kinross Gold will post 2.77 EPS for the current fiscal year.

Institutional Trading of Kinross Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in KGC. Parallel Advisors LLC increased its holdings in Kinross Gold by 3.2% during the fourth quarter. Parallel Advisors LLC now owns 9,310 shares of the mining company's stock worth $262,000 after buying an additional 292 shares during the last quarter. Turning Point Benefit Group Inc. increased its position in Kinross Gold by 6.6% during the fourth quarter. Turning Point Benefit Group Inc. now owns 6,315 shares of the mining company's stock worth $178,000 after buying an additional 393 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its position in Kinross Gold by 2.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 22,569 shares of the mining company's stock worth $636,000 after buying an additional 473 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in Kinross Gold by 32.9% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,950 shares of the mining company's stock worth $55,000 after buying an additional 483 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its position in Kinross Gold by 2.1% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,309 shares of the mining company's stock worth $629,000 after buying an additional 521 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Key Kinross Gold News

Here are the key news stories impacting Kinross Gold this week:

• Positive Sentiment: Record Q1 free cash flow (US$837.5M), net income ~US$843M and EPS that beat estimates — these underpin the company’s strong cash generation and justify increased shareholder returns. Kinross Gold TSX: K Is Down 6.3% After Record Q1 Free Cash Flow And Payouts To Shareholders
• Positive Sentiment: Company returned roughly US$350M to shareholders year-to-date (US$250.1M in buybacks this quarter) and declared a US$0.04 quarterly dividend — signals management focus on cash returns and buybacks that reduce share count. Kinross declares quarterly dividend
• Positive Sentiment: Analyst support remains: Stifel Canada maintained a Buy rating and C$65 price target after Q1, keeping institutional conviction intact. Kinross Gold Maintained at Buy at Stifel Canada Following Q1 Results; Price Target Kept atC$65.00
• Positive Sentiment: Goldman Sachs has Kinross among its top gold picks and the Peak Gold JV (Lucky Shot) is showing drilling progress — potential upside from development pipeline execution. Kinross Gold Corporation (KGC) Asserts Status as one of Goldman Sachs top Gold Stock Picks
• Neutral Sentiment: Annual meeting results showed strong shareholder backing for the board — governance continuity, no immediate corporate-control concerns. Kinross announces Annual Shareholder Meeting voting results
• Neutral Sentiment: Q1 results: EPS and margins beat, revenue was up sharply year-over-year but missed consensus by a narrow margin (US$2.37B vs US$2.38B) — overall positive operational trend but a mixed top-line print. Kinross Gold Q1 results and slide deck
• Negative Sentiment: Despite cash generation, the declared dividend yields ~0.5% — modest income appeal versus peers; small revenue miss and recent run-up make the stock vulnerable to profit-taking and rotation. Compared to Estimates, Kinross Gold (KGC) Q1 Earnings: A Look at Key Metrics

Kinross Gold Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.