Kinross Gold Co. (NYSE:KGC) Receives Consensus Recommendation of “Hold” from Analysts

Kinross Gold Co. (NYSE:KGC) (TSE:K) has earned a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $3.77.

Several analysts have recently weighed in on KGC shares. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a report on Friday, June 21st. JPMorgan Chase & Co. upgraded China Life Insurance from a “neutral” rating to an “overweight” rating in a research report on Thursday, May 30th. They noted that the move was a valuation call. Deutsche Bank set a $81.00 target price on Franco Nevada and gave the stock a “hold” rating in a research report on Thursday, July 11th. Finally, Zacks Investment Research downgraded Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd.

Several institutional investors have recently bought and sold shares of the stock. K.J. Harrison & Partners Inc bought a new position in Kinross Gold in the 1st quarter valued at $34,000. Mercer Global Advisors Inc. ADV bought a new position in Kinross Gold in the 1st quarter valued at $33,000. PNC Financial Services Group Inc. raised its position in Kinross Gold by 65.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,679 shares of the mining company’s stock valued at $45,000 after purchasing an additional 5,390 shares during the last quarter. Sigma Planning Corp bought a new position in Kinross Gold in the 1st quarter valued at $52,000. Finally, Teacher Retirement System of Texas bought a new position in Kinross Gold in the 1st quarter valued at $69,000. Institutional investors and hedge funds own 58.93% of the company’s stock.



Shares of NYSE:KGC remained flat at $$4.31 during trading on Friday. The stock had a trading volume of 12,691,437 shares, compared to its average volume of 12,451,156. Kinross Gold has a one year low of $2.38 and a one year high of $4.38. The firm has a market capitalization of $5.40 billion, a PE ratio of 43.10 and a beta of 0.02. The business’s fifty day moving average price is $3.74. The company has a quick ratio of 1.12, a current ratio of 3.02 and a debt-to-equity ratio of 0.41.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Tuesday, May 7th. The mining company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. Kinross Gold had a positive return on equity of 1.88% and a negative net margin of 2.10%. The company had revenue of $786.20 million for the quarter, compared to analyst estimates of $800.70 million. During the same quarter last year, the firm earned $0.10 EPS. Kinross Gold’s revenue for the quarter was down 12.4% compared to the same quarter last year. Analysts forecast that Kinross Gold will post 0.18 earnings per share for the current year.

About Kinross Gold

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: Trade Deficit

Analyst Recommendations for Kinross Gold (NYSE:KGC)

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.