Kinross Gold (NYSE:KGC) Receives Buy (A-) Rating from Weiss Ratings

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K's stock had its "buy (a-)" rating reaffirmed by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

KGC has been the subject of several other research reports. CIBC raised their price target on shares of Kinross Gold from $21.00 to $22.00 and gave the company an "outperformer" rating in a research note on Friday, August 1st. National Bankshares reissued 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 note on Friday, October 3rd. Canaccord Genuity Group lifted their price target on shares of Kinross Gold from $28.00 to $29.50 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group raised shares of Kinross Gold from a "hold" rating to a "buy" rating and lifted their price target for the company from $14.00 to $18.00 in a research note on Thursday, June 26th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $22.19.

Kinross Gold Stock Up 0.1%

Shares of KGC stock opened at $25.29 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.45 and a current ratio of 2.84. The firm's 50-day moving average is $21.48 and its 200-day moving average is $17.01. The stock has a market cap of $30.66 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 0.81 and a beta of 0.64. Kinross Gold has a 52-week low of $8.99 and a 52-week high of $25.91.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings results on Wednesday, July 30th. The mining company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.11. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The firm 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 firm earned $0.14 EPS. The business's revenue was up 41.7% on a year-over-year basis. Sell-side analysts predict that Kinross Gold will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Kinross Gold

Several institutional investors and hedge funds have recently made changes to their positions in KGC. Armstrong Advisory Group Inc. grew its holdings in shares of Kinross Gold by 95.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,467 shares of the mining company's stock valued at $36,000 after purchasing an additional 717 shares during the last quarter. Transce3nd LLC grew its holdings in shares of Kinross Gold by 128.2% during the 2nd quarter. Transce3nd LLC now owns 2,914 shares of the mining company's stock valued at $46,000 after purchasing an additional 1,637 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Kinross Gold during the 1st quarter valued at $55,000. Farther Finance Advisors LLC grew its holdings in shares of Kinross Gold by 188.6% during the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock valued at $71,000 after purchasing an additional 3,659 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Kinross Gold during the 1st quarter valued at $77,000. Institutional investors own 63.69% of the company's stock.

About Kinross Gold

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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