Kinross Gold Corporation (NYSE:KGC) (TSE:K) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.

A number of other research analysts also recently commented on the company. Royal Bank Of Canada restated a “buy” rating and set a $5.00 price objective on shares of Kinross Gold Corporation in a research note on Thursday, August 24th. BidaskClub upgraded Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Jefferies Group LLC set a $4.00 price objective on Kinross Gold Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 15th. National Bank Financial restated a “sector perform market weight” rating on shares of Kinross Gold Corporation in a research note on Thursday, August 3rd. Finally, Berenberg Bank restated a “hold” rating and set a $4.60 price objective on shares of Kinross Gold Corporation in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given 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 a consensus target price of $5.03.

Kinross Gold Corporation (KGC) opened at 4.56 on Friday. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 108.57 and a beta of 0.22. The company has a 50-day moving average of $4.20 and a 200-day moving average of $3.92. Kinross Gold Corporation has a 52-week low of $2.88 and a 52-week high of $4.66.

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

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in KGC. Creative Planning boosted its position in shares of Kinross Gold Corporation by 42.7% in the first quarter. Creative Planning now owns 38,921 shares of the mining company’s stock valued at $137,000 after buying an additional 11,643 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of 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 in the last quarter. GSA Capital Partners LLP boosted its position in shares of Kinross Gold Corporation by 63.1% in the second quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock valued at $154,000 after buying an additional 14,674 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Kinross Gold Corporation by 22.0% in the second quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock valued at $158,000 after buying an additional 7,000 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its position in shares of Kinross Gold Corporation by 53.2% in the second quarter. Gotham Asset Management LLC now owns 41,487 shares of the mining company’s stock valued at $169,000 after buying an additional 14,398 shares in the last quarter. 59.56% of the stock is owned by institutional investors.

About Kinross Gold Corporation

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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