Kinross Gold Corp. (NYSE:KGC) (TSE:K) was downgraded by analysts at Bank of America Corp. from a “buy” rating to a “neutral” rating in a report issued on Monday.

A number of other equities analysts also recently weighed in on KGC. TD Securities reissued a “buy” rating and set a $6.50 price target (down previously from $7.00) on shares of Kinross Gold Corp. in a research report on Thursday, November 3rd. Canaccord Genuity reissued a “buy” rating and set a $7.75 price target (down previously from $8.00) on shares of Kinross Gold Corp. in a research report on Thursday, November 3rd. RBC Capital Markets reissued an “outperform” rating on shares of Kinross Gold Corp. in a research report on Tuesday, November 1st. Citigroup Inc. reissued a “neutral” rating on shares of Kinross Gold Corp. in a research report on Monday, October 17th. Finally, Vetr downgraded Kinross Gold Corp. from a “strong-buy” rating to a “buy” rating and set a $5.05 price target on the stock. in a research report on Wednesday, September 7th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Kinross Gold Corp. currently has an average rating of “Hold” and a consensus price target of $5.53.

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

Kinross Gold Corp. (NYSE:KGC) opened at 3.17 on Monday. Kinross Gold Corp. has a 52-week low of $1.31 and a 52-week high of $5.82. The company’s market cap is $3.95 billion. The company’s 50 day moving average price is $3.69 and its 200 day moving average price is $4.54.

Kinross Gold Corp. (NYSE:KGC) last released its earnings results on Wednesday, November 2nd. The mining company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $910.20 million for the quarter, compared to the consensus estimate of $915.18 million. Kinross Gold Corp. had a positive return on equity of 1.23% and a negative net margin of 26.82%. Kinross Gold Corp.’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Equities research analysts anticipate that Kinross Gold Corp. will post $0.12 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lombard Odier Asset Management Europe Ltd bought a new position in shares of Kinross Gold Corp. during the third quarter valued at about $104,000. Concert Wealth Management Inc. increased its position in shares of Kinross Gold Corp. by 8.4% in the second quarter. Concert Wealth Management Inc. now owns 21,675 shares of the mining company’s stock valued at $106,000 after buying an additional 1,675 shares during the period. Exane Derivatives increased its position in shares of Kinross Gold Corp. by 2,813,200.0% in the third quarter. Exane Derivatives now owns 28,133 shares of the mining company’s stock valued at $118,000 after buying an additional 28,132 shares during the period. Acrospire Investment Management LLC increased its position in shares of Kinross Gold Corp. by 101.9% in the third quarter. Acrospire Investment Management LLC now owns 31,900 shares of the mining company’s stock valued at $134,000 after buying an additional 16,100 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Kinross Gold Corp. during the second quarter valued at about $169,000. Institutional investors own 60.53% of the company’s stock.

About Kinross Gold Corp.

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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