Kinross Gold Corporation (KGC) Upgraded by Citigroup Inc. to Neutral
Kinross Gold Corporation (NYSE:KGC) (TSE:K) was upgraded by investment analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a note issued to investors on Friday.
Other equities analysts have also issued research reports about the company. ValuEngine raised Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub lowered Kinross Gold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. TD Securities boosted their price objective on Kinross Gold Corporation from $5.50 to $6.00 and gave the stock an “action list buy” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $5.00 price objective on shares of Kinross Gold Corporation in a research note on Thursday, August 24th. Finally, National Bank Financial reissued a “sector perform market weight” rating on shares of Kinross Gold Corporation in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.03.
Kinross Gold Corporation (KGC) opened at 4.56 on Friday. The company’s 50-day moving average price is $4.20 and its 200 day moving average price is $3.92. Kinross Gold Corporation has a 52 week low of $2.88 and a 52 week high of $4.66. The company has a market capitalization of $5.69 billion, a PE ratio of 108.57 and a beta of 0.22.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The firm had revenue of $868.60 million for the quarter, compared to analysts’ expectations of $825.02 million. During the same period in the prior year, the business posted ($0.01) earnings per share. The business’s revenue was down .9% compared to the same quarter last year. On average, equities research analysts anticipate that Kinross Gold Corporation will post $0.10 EPS for the current year.
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Institutional investors have recently modified their holdings of the stock. Korea Investment CORP raised its position in shares of Kinross Gold Corporation by 1.9% in the second quarter. Korea Investment CORP now owns 78,457 shares of the mining company’s stock valued at $318,000 after buying an additional 1,448 shares during the period. World Asset Management Inc raised its position in 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 valued at $272,000 after buying an additional 1,932 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Kinross Gold Corporation by 6.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock valued at $146,000 after buying an additional 2,116 shares during the last quarter. Capstone Asset Management Co. raised its position in Kinross Gold Corporation by 3.1% in the first quarter. Capstone Asset Management Co. now owns 112,447 shares of the mining company’s stock valued at $395,000 after buying an additional 3,420 shares during the last quarter. Finally, Creative Planning raised its position in Kinross Gold Corporation by 14.2% in the second quarter. Creative Planning now owns 44,435 shares of the mining company’s stock valued at $181,000 after buying an additional 5,514 shares during the last quarter. 59.56% of the stock is currently owned by institutional investors and hedge funds.
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.
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