Kinross Gold Co. (NYSE:KGC) (TSE:K) shares gapped down before the market opened on Friday . The stock had previously closed at $3.86, but opened at $4.24. Kinross Gold shares last traded at $4.20, with a volume of 8,096,398 shares changing hands.

A number of equities analysts recently issued reports on KGC shares. Deutsche Bank set a $4.00 price objective on Kinross Gold and gave the company a “hold” rating in a report on Thursday, July 11th. Beacon Securities restated a “buy” rating on shares of Kinross Gold in a report on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on Kinross Gold from $5.50 to $6.00 and gave the company a “sector perform” rating in a report on Monday, September 23rd. Barclays restated an “equal weight” rating and set a $5.00 price objective on shares of Kinross Gold in a report on Tuesday, October 15th. They noted that the move was a valuation call. Finally, Raymond James set a $6.00 price objective on Kinross Gold and gave the company an “outperform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.63.

The company has a current ratio of 2.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $4.80 and a two-hundred day simple moving average of $4.20. The firm has a market capitalization of $5.99 billion, a P/E ratio of 41.70 and a beta of -0.05.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, November 6th. The mining company reported $0.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.08. The business had revenue of $877.10 million during the quarter, compared to analyst estimates of $908.75 million. Kinross Gold had a return on equity of 2.78% and a net margin of 0.13%. Kinross Gold’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. As a group, research analysts expect that Kinross Gold Co. will post 0.31 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its position in Kinross Gold by 8,141.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,884,336 shares of the mining company’s stock valued at $11,169,000 after buying an additional 2,849,336 shares in the last quarter. Morgan Stanley boosted its stake in shares of Kinross Gold by 15.9% in the second quarter. Morgan Stanley now owns 19,222,953 shares of the mining company’s stock worth $74,584,000 after buying an additional 2,640,448 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Kinross Gold by 229.5% in the third quarter. Russell Investments Group Ltd. now owns 3,460,368 shares of the mining company’s stock worth $15,941,000 after buying an additional 2,410,177 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Kinross Gold by 4,499.6% in the second quarter. Acadian Asset Management LLC now owns 2,320,244 shares of the mining company’s stock worth $8,985,000 after buying an additional 2,269,800 shares during the last quarter. Finally, Polunin Capital Partners Ltd boosted its position in Kinross Gold by 19.0% during the second quarter. Polunin Capital Partners Ltd now owns 11,306,111 shares of the mining company’s stock worth $45,450,000 after purchasing an additional 1,806,103 shares in the last quarter. 54.96% of the stock is owned by institutional investors and hedge funds.

About Kinross Gold (NYSE:KGC)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.

Read More: What is a bull market?

Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.