Kinross Gold (NYSE:KGC) Shares Up 3.7%

Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K's stock price shot up 3.7% on Friday . The stock traded as high as $6.75 and last traded at $6.75. 9,296,414 shares were traded during trading, a decline of 34% from the average session volume of 14,110,231 shares. The stock had previously closed at $6.51.

Analyst Ratings Changes

Several brokerages have weighed in on KGC. Jefferies Financial Group started coverage on Kinross Gold in a report on Thursday, February 29th. They set a "hold" rating and a $5.00 price objective for the company. CIBC boosted their price objective on Kinross Gold from $7.00 to $8.15 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. National Bank Financial reiterated an "outperform overweight" rating on shares of Kinross Gold in a research report on Monday, April 8th. TheStreet lowered Kinross Gold from a "b" rating to a "c+" rating in a research report on Friday, February 16th. Finally, StockNews.com upgraded Kinross Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.28.

Kinross Gold Stock Up 4.1 %

The company has a current ratio of 2.63, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36. The stock has a market cap of $8.32 billion, a P/E ratio of 19.91, a PEG ratio of 2.22 and a beta of 1.15. The firm has a 50-day simple moving average of $5.64 and a two-hundred day simple moving average of $5.56.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data on Thursday, February 15th. The mining company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.04 billion. Kinross Gold had a return on equity of 8.85% and a net margin of 9.82%. The company's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS. Equities research analysts expect that Kinross Gold Co. will post 0.36 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is currently 35.29%.

Institutional Trading of Kinross Gold

Several large investors have recently modified their holdings of KGC. Vanguard Group Inc. boosted its stake in Kinross Gold by 1.1% in the third quarter. Vanguard Group Inc. now owns 44,404,283 shares of the mining company's stock valued at $202,484,000 after buying an additional 463,035 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Kinross Gold by 23.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 947,037 shares of the mining company's stock valued at $5,707,000 after purchasing an additional 179,933 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of 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 purchasing an additional 503,799 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 1,603,951 shares in the last quarter. Finally, Triasima Portfolio Management inc. raised its position in shares of Kinross Gold by 110.4% during the fourth quarter. Triasima Portfolio Management inc. now owns 4,885,850 shares of the mining company's stock worth $29,627,000 after acquiring an additional 2,563,850 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

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.