Kinross Gold (NYSE:KGC) Raised to Strong-Buy at StockNews.com

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Friday.

Several other research firms also recently weighed in on KGC. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. BMO Capital Markets began coverage on Kinross Gold in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. CIBC increased their target price on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Raymond James increased their target price on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinross Gold presently has a consensus rating of "Buy" and an average price target of $13.30.

Kinross Gold Stock Performance

KGC traded down $0.80 on Friday, hitting $13.93. The company's stock had a trading volume of 3,317,555 shares, compared to its average volume of 17,672,052. The company's 50 day simple moving average is $12.23 and its 200-day simple moving average is $10.90. The firm has a market cap of $17.14 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. Kinross Gold has a 12 month low of $6.34 and a 12 month high of $15.46. 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 announced its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Analysts forecast that Kinross Gold will post 0.81 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in shares of Kinross Gold by 109.3% in 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 during the period. Mark Sheptoff Financial Planning LLC lifted its stake 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 purchasing an additional 1,002 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold in the 4th quarter valued at approximately $42,000. Global Retirement Partners LLC lifted its stake in shares of Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after purchasing an additional 4,788 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Kinross Gold by 188.6% during the first quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock valued at $71,000 after buying an additional 3,659 shares during the last quarter. Hedge funds and other 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.