Kinross Gold (NYSE:KGC) Shares Up 4.8%

Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K's stock price shot up 4.8% on Friday . The company traded as high as $6.80 and last traded at $6.79. 9,701,451 shares were traded during mid-day trading, a decline of 29% from the average session volume of 13,685,117 shares. The stock had previously closed at $6.48.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KGC. StockNews.com raised shares of Kinross Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 2nd. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Kinross Gold in a report on Monday. CIBC upped their price objective on shares of Kinross Gold from $7.00 to $8.15 and gave the company an "outperform" rating in a report on Wednesday, February 7th. TheStreet downgraded shares of Kinross Gold from a "b" rating to a "c+" rating in a report on Friday, February 16th. Finally, Jefferies Financial Group initiated coverage on shares of Kinross Gold in a report on Thursday, February 29th. They set a "hold" rating and a $5.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $6.28.

Kinross Gold Stock Performance

The stock has a market capitalization of $7.83 billion, a PE ratio of 19.74, a P/E/G ratio of 2.10 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.63 and a quick ratio of 0.95. The business's fifty day moving average price is $5.54 and its 200-day moving average price is $5.50.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Thursday, February 15th. The mining company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $0.09 earnings per share. The company's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts expect that Kinross Gold Co. will post 0.35 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Tuesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is 35.29%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Kinross Gold by 1.1% during the third quarter. Vanguard Group Inc. now owns 44,404,283 shares of the mining company's stock valued at $202,484,000 after acquiring an additional 463,035 shares during the last quarter. Wellington Management Group LLP grew its position in Kinross Gold by 975.2% during the third quarter. Wellington Management Group LLP now owns 555,458 shares of the mining company's stock valued at $2,543,000 after acquiring an additional 503,799 shares during the last quarter. American Century Companies Inc. grew its position in Kinross Gold by 24.9% during the third quarter. American Century Companies Inc. now owns 8,046,094 shares of the mining company's stock valued at $36,680,000 after acquiring an additional 1,603,951 shares during the last quarter. Sprott Inc. grew its position in Kinross Gold by 56.9% during the third quarter. Sprott Inc. now owns 1,866,520 shares of the mining company's stock valued at $8,511,000 after acquiring an additional 676,798 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in Kinross Gold by 71.2% during the fourth quarter. Ballentine Partners LLC now owns 30,993 shares of the mining company's stock valued at $188,000 after acquiring an additional 12,890 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

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.