Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K gapped up prior to trading on Monday . The stock had previously closed at $14.07, but opened at $14.52. Kinross Gold shares last traded at $14.40, with a volume of 6,851,247 shares changing hands.
Analysts Set New Price Targets
Several research firms have recently commented on KGC. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James boosted their price target 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. BMO Capital Markets started coverage on Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. CIBC increased their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, National Bankshares restated an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Kinross Gold presently has a consensus rating of "Buy" and a consensus target price of $13.50.
Check Out Our Latest Report on KGC
Kinross Gold Stock Performance
The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 0.68 and a beta of 0.64. The stock's 50 day moving average price is $13.02 and its two-hundred day moving average price is $11.26. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.
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 for the quarter, topping the consensus estimate of $0.22 by $0.08. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The firm's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. On average, analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current year.
Kinross Gold Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, May 29th. Kinross Gold's payout ratio is currently 15.58%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its stake in Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after purchasing an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in 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 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 fourth quarter worth about $42,000. Global Retirement Partners LLC raised its position in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after acquiring an additional 4,788 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Kinross Gold during the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 63.69% of the company's stock.
About Kinross Gold
(
Get Free Report)
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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