Kinross Gold Corp. (NYSE:KGC)‘s stock had its “neutral” rating reissued by research analysts at Citigroup Inc. in a research note issued to investors on Monday.

KGC has been the subject of a number of other reports. Vetr raised shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $5.70 price target for the company in a report on Wednesday, July 13th. Deutsche Bank AG raised shares of Kinross Gold Corp. from a “sell” rating to a “hold” rating and upped their price target for the company from $3.10 to $4.50 in a report on Wednesday, July 6th. Credit Suisse Group AG reissued a “hold” rating on shares of Kinross Gold Corp. in a report on Wednesday, June 29th. Zacks Investment Research raised shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Monday, August 29th. Finally, Berenberg Bank assumed coverage on shares of Kinross Gold Corp. in a report on Wednesday, September 7th. They issued a “hold” rating and a $4.60 price target for the company. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $5.43.

Analyst Recommendations for Kinross Gold Corp. (NYSE:KGC)

Shares of Kinross Gold Corp. (NYSE:KGC) traded up 0.28% on Monday, reaching $3.63. 2,856,655 shares of the company’s stock were exchanged. The company’s market capitalization is $4.52 billion. The firm’s 50 day moving average price is $4.09 and its 200-day moving average price is $4.69. Kinross Gold Corp. has a 12 month low of $1.31 and a 12 month high of $5.82.

Kinross Gold Corp. (NYSE:KGC) last issued its quarterly earnings results on Wednesday, July 27th. The mining company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. Kinross Gold Corp. had a negative net margin of 29.41% and a negative return on equity of 2.35%. The business earned $876.40 million during the quarter, compared to analyst estimates of $841.98 million. During the same period in the previous year, the company posted ($0.01) earnings per share. Kinross Gold Corp.’s revenue was up 16.0% compared to the same quarter last year. On average, equities analysts anticipate that Kinross Gold Corp. will post $0.11 EPS for the current year.

Several large investors have recently bought and sold shares of the stock. Capstone Asset Management Co. boosted its stake in Kinross Gold Corp. by 3.9% in the third quarter. Capstone Asset Management Co. now owns 107,967 shares of the mining company’s stock valued at $455,000 after buying an additional 4,010 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Kinross Gold Corp. by 12.3% in the third quarter. BNP Paribas Arbitrage SA now owns 298,072 shares of the mining company’s stock valued at $1,255,000 after buying an additional 32,561 shares in the last quarter. IFP Advisors Inc boosted its stake in Kinross Gold Corp. by 52.9% in the second quarter. IFP Advisors Inc now owns 42,620 shares of the mining company’s stock valued at $208,000 after buying an additional 14,750 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Kinross Gold Corp. during the second quarter valued at $653,000. Finally, Hillsdale Investment Management Inc. boosted its stake in Kinross Gold Corp. by 16.1% in the second quarter. Hillsdale Investment Management Inc. now owns 1,933,700 shares of the mining company’s stock valued at $9,480,000 after buying an additional 268,400 shares in the last quarter. 62.06% of the stock is owned by institutional investors.

Kinross Gold Corp. Company Profile

Kinross Gold Corporation is gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. Its segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

5 Day Chart for NYSE:KGC

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