Kinross Gold Corporation (NYSE:KGC) (TSE:K)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a research report issued on Friday.

A number of other equities research analysts also recently issued reports on KGC. BidaskClub downgraded shares of Kinross Gold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. TD Securities upped their price target on shares of Kinross Gold Corporation from $5.50 to $6.00 and gave the company an “action list buy” rating in a research note on Thursday, August 3rd. Jefferies Group LLC set a $4.00 price target on shares of Kinross Gold Corporation and gave the company a “hold” rating in a research note on Tuesday, August 15th. National Bank Financial reaffirmed a “sector perform market weight” rating on shares of Kinross Gold Corporation in a research note on Thursday, August 3rd. Finally, Scotiabank upped their price target on shares of Kinross Gold Corporation from $4.50 to $4.75 and gave the company a “sector perform” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $5.01.

Kinross Gold Corporation (KGC) opened at 4.25 on Friday. The company’s 50 day moving average is $4.11 and its 200 day moving average is $3.90. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 101.19 and a beta of 0.22. Kinross Gold Corporation has a 12-month low of $2.88 and a 12-month high of $4.87.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The company had revenue of $868.60 million for the quarter, compared to the consensus estimate of $825.02 million. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. Kinross Gold Corporation’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Analysts forecast that Kinross Gold Corporation will post $0.10 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Kinross Gold Corporation by 0.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,182,071 shares of the mining company’s stock valued at $14,744,000 after buying an additional 36,254 shares during the last quarter. ING Groep NV boosted its position in shares of Kinross Gold Corporation by 36.0% in the first quarter. ING Groep NV now owns 94,480 shares of the mining company’s stock valued at $332,000 after buying an additional 25,000 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Kinross Gold Corporation by 2.5% in the first quarter. APG Asset Management N.V. now owns 13,465,859 shares of the mining company’s stock valued at $47,355,000 after buying an additional 331,000 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Kinross Gold Corporation by 76.3% in the first quarter. Great West Life Assurance Co. Can now owns 3,204,195 shares of the mining company’s stock valued at $11,256,000 after buying an additional 1,387,018 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Kinross Gold Corporation by 15.1% in the first quarter. Wells Fargo & Company MN now owns 91,788 shares of the mining company’s stock valued at $322,000 after buying an additional 12,016 shares during the last quarter. Institutional investors own 60.27% of the company’s stock.

Kinross Gold Corporation Company Profile

Kinross Gold Corporation is a 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. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

Analyst Recommendations for Kinross Gold Corporation (NYSE:KGC)

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