Kinross Gold Co. (NYSE:KGC) Given Consensus Recommendation of "Hold" by Analysts

Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K has received an average rating of "Hold" from the seven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $6.44.

KGC has been the subject of several research reports. StockNews.com upgraded Kinross Gold from a "hold" rating to a "buy" rating in a research note on Tuesday, April 2nd. TheStreet lowered shares of Kinross Gold from a "b" rating to a "c+" rating in a research report on Friday, February 16th. Jefferies Financial Group boosted their price target on shares of Kinross Gold from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Monday, April 22nd. CIBC raised their price objective on shares of Kinross Gold from $7.00 to $8.15 and gave the stock an "outperform" rating in a report on Wednesday, February 7th. Finally, National Bank Financial reiterated an "outperform overweight" rating on shares of Kinross Gold in a research note on Monday, April 8th.

Institutional Investors Weigh In On Kinross Gold

A number of hedge funds and other institutional investors have recently modified their holdings of KGC. 180 Wealth Advisors LLC raised its holdings in Kinross Gold by 6.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 38,057 shares of the mining company's stock valued at $225,000 after buying an additional 2,157 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Kinross Gold by 1.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 130,473 shares of the mining company's stock valued at $790,000 after acquiring an additional 2,204 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of Kinross Gold by 13.6% during the first quarter. PFG Investments LLC now owns 20,454 shares of the mining company's stock worth $125,000 after purchasing an additional 2,454 shares during the period. Metis Global Partners LLC grew its stake in shares of Kinross Gold by 7.6% in the fourth quarter. Metis Global Partners LLC now owns 42,784 shares of the mining company's stock worth $259,000 after purchasing an additional 3,018 shares during the last quarter. Finally, Advisor Partners II LLC grew its stake in shares of Kinross Gold by 3.7% in the third quarter. Advisor Partners II LLC now owns 84,050 shares of the mining company's stock worth $383,000 after purchasing an additional 3,035 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Up 0.1 %

KGC traded up $0.01 during mid-day trading on Friday, reaching $6.74. 14,737,335 shares of the stock were exchanged, compared to its average volume of 18,082,304. The company has a 50 day moving average price of $5.83 and a two-hundred day moving average price of $5.66. The stock has a market capitalization of $8.28 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.95 and a current ratio of 2.63. Kinross Gold has a 1 year low of $4.32 and a 1 year high of $6.87.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its earnings results on Thursday, February 15th. The mining company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.04 billion. Kinross Gold had a return on equity of 8.85% and a net margin of 9.82%. The company's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. As a group, research analysts anticipate that Kinross Gold will post 0.4 EPS for the current year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.78%. Kinross Gold's dividend payout ratio (DPR) is 35.29%.

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.