Royal Bank Of Canada reaffirmed their buy rating on shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) in a report issued on Thursday. The brokerage currently has a $5.00 price target on the mining company’s stock.

KGC has been the subject of a number of other reports. Credit Suisse Group reaffirmed a hold rating and set a $5.00 price objective on shares of Kinross Gold Corporation in a report on Thursday, April 27th. Raymond James Financial, Inc. reaffirmed an ourperform rating and set a $6.00 price objective on shares of Kinross Gold Corporation in a report on Thursday, June 15th. Jefferies Group LLC reaffirmed a hold rating and set a $3.75 price objective (down from $4.00) on shares of Kinross Gold Corporation in a report on Friday, July 14th. ValuEngine raised shares of Kinross Gold Corporation from a sell rating to a hold rating in a report on Friday, June 2nd. Finally, Scotiabank set a $4.00 price objective on shares of Kinross Gold Corporation and gave the company a sector perform rating in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $5.01.

Shares of Kinross Gold Corporation (NYSE KGC) opened at 4.25 on Thursday. The stock’s 50 day moving average is $4.14 and its 200-day moving average is $3.91. Kinross Gold Corporation has a one year low of $2.88 and a one year high of $4.66. The company has a market cap of $5.30 billion, a P/E ratio of 101.19 and a beta of 0.22.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, August 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The business had revenue of $868.60 million during the quarter, compared to analyst estimates of $825.02 million. During the same period last year, the firm posted ($0.01) EPS. The company’s revenue was down .9% on a year-over-year basis. Equities research analysts forecast that Kinross Gold Corporation will post $0.10 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of the company. Karp Capital Management Corp bought a new stake in shares of Kinross Gold Corporation during the first quarter worth about $235,000. World Asset Management Inc increased its stake in shares of Kinross Gold Corporation by 2.6% in the first quarter. World Asset Management Inc now owns 77,447 shares of the mining company’s stock worth $272,000 after buying an additional 1,932 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Kinross Gold Corporation by 42.2% in the first quarter. BNP Paribas Arbitrage SA now owns 708,264 shares of the mining company’s stock worth $2,486,000 after buying an additional 210,057 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake 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 worth $14,744,000 after buying an additional 36,254 shares in the last quarter. Finally, ING Groep NV increased its stake 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 worth $332,000 after buying an additional 25,000 shares in 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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