Kinross Gold (NYSE:KGC) Shares Gap Down - Time to Sell?

Shares of Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K gapped down before the market opened on Tuesday . The stock had previously closed at $14.71, but opened at $14.36. Kinross Gold shares last traded at $14.68, with a volume of 1,057,004 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. Stifel Canada upgraded 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. Wall Street Zen upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Finally, BMO Capital Markets started coverage on Kinross Gold in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $14.50.

Kinross Gold Trading Down 0.8%

The company has a market cap of $18.05 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 0.68 and a beta of 0.64. The firm has a 50 day moving average price of $13.91 and a two-hundred day moving average price of $11.70. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

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 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $0.10 EPS. The company's revenue for the quarter was up 38.5% on a year-over-year basis. As a group, equities analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.12 annualized dividend and a yield of 0.82%. Kinross Gold's payout ratio is 12.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its stake in Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after buying an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings 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 buying an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Kinross Gold during the 4th quarter valued at about $42,000. Global Retirement Partners LLC lifted its stake 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 buying an additional 4,788 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in Kinross Gold in the 1st quarter worth approximately $55,000. Institutional investors own 63.69% of the company's stock.

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.