JPMorgan Chase & Co. cut shares of Kinross Gold (NYSE:KGC) (TSE:K) from a neutral rating to an underweight rating in a research report report published on Thursday, 24/7 WallStreet reports. JPMorgan Chase & Co. currently has $3.20 price target on the mining company’s stock.

Several other analysts have also recently issued reports on KGC. Credit Suisse Group reissued a hold rating and issued a $3.00 target price on shares of Kinross Gold in a research note on Thursday, February 7th. Raymond James reissued an outperform rating and issued a $4.50 target price on shares of Kinross Gold in a research note on Thursday, February 14th. Finally, Zacks Investment Research cut Kinross Gold from a buy rating to a hold rating in a research note on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Kinross Gold presently has an average rating of Hold and a consensus price target of $3.77.

NYSE KGC opened at $3.27 on Thursday. The company has a current ratio of 3.02, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.99 billion, a P/E ratio of 45.57 and a beta of -0.14. Kinross Gold has a 1 year low of $2.38 and a 1 year high of $3.98.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Tuesday, May 7th. The mining company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The company had revenue of $786.20 million for the quarter, compared to analysts’ expectations of $800.70 million. Kinross Gold had a positive return on equity of 1.88% and a negative net margin of 2.10%. Kinross Gold’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. As a group, analysts anticipate that Kinross Gold will post 0.12 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Bank of Nova Scotia boosted its position in Kinross Gold by 4.1% during the 4th quarter. Bank of Nova Scotia now owns 10,496,343 shares of the mining company’s stock valued at $34,050,000 after acquiring an additional 411,889 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Kinross Gold by 11,207.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,736,848 shares of the mining company’s stock valued at $5,627,000 after acquiring an additional 1,721,488 shares in the last quarter. Vanguard Group Inc. boosted its position in Kinross Gold by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 34,603,334 shares of the mining company’s stock valued at $93,429,000 after acquiring an additional 1,414,800 shares in the last quarter. Investec Asset Management LTD boosted its position in Kinross Gold by 54.7% during the 4th quarter. Investec Asset Management LTD now owns 14,033,766 shares of the mining company’s stock valued at $45,429,000 after acquiring an additional 4,964,107 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Kinross Gold by 16.0% during the 4th quarter. Geode Capital Management LLC now owns 1,067,276 shares of the mining company’s stock valued at $3,413,000 after acquiring an additional 146,939 shares in the last quarter. 58.93% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Kinross Gold (NYSE:KGC)

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