BMO Capital Markets reiterated their hold rating on shares of Kinross Gold (NYSE:KGC) (TSE:K) in a research note released on Friday. The brokerage currently has a $3.50 target price on the mining company’s stock.

Other equities research analysts also recently issued reports about the company. TD Securities downgraded Kinross Gold from an action list buy rating to a buy rating and decreased their price objective for the company from $6.00 to $5.50 in a report on Saturday, July 14th. JPMorgan Chase & Co. decreased their price objective on Kinross Gold from $6.00 to $5.00 and set a neutral rating for the company in a report on Monday, September 17th. Credit Suisse Group initiated coverage on Kinross Gold in a report on Thursday, September 6th. They issued a neutral rating and a $4.00 price objective for the company. Citigroup decreased their price objective on Kinross Gold from $4.00 to $3.25 and set a neutral rating for the company in a report on Wednesday, August 29th. Finally, National Bank Financial reissued an outperform spec overweight rating on shares of Kinross Gold in a report on Monday, June 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $4.35.

Shares of KGC opened at $2.94 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.71 and a quick ratio of 1.88. The company has a market capitalization of $3.69 billion, a P/E ratio of 21.00 and a beta of 0.12. Kinross Gold has a 52-week low of $2.67 and a 52-week high of $4.78.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, August 1st. The mining company reported $0.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.03. The firm had revenue of $775.00 million during the quarter, compared to the consensus estimate of $803.96 million. Kinross Gold had a return on equity of 5.73% and a net margin of 11.67%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 earnings per share. sell-side analysts predict that Kinross Gold will post 0.19 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Regentatlantic Capital LLC raised its stake in shares of Kinross Gold by 152.1% during the second quarter. Regentatlantic Capital LLC now owns 28,135 shares of the mining company’s stock worth $106,000 after purchasing an additional 16,975 shares during the last quarter. Vanguard Capital Wealth Advisors purchased a new stake in shares of Kinross Gold during the second quarter worth approximately $182,000. Nomura Holdings Inc. purchased a new stake in shares of Kinross Gold during the second quarter worth approximately $248,000. Tower Research Capital LLC TRC raised its stake in shares of Kinross Gold by 4,393.5% during the second quarter. Tower Research Capital LLC TRC now owns 96,161 shares of the mining company’s stock worth $362,000 after purchasing an additional 94,021 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Kinross Gold by 209.1% during the first quarter. GSA Capital Partners LLP now owns 97,619 shares of the mining company’s stock worth $386,000 after purchasing an additional 66,036 shares during the last quarter. 53.67% of the stock is owned by institutional investors and hedge funds.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.

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Analyst Recommendations for Kinross Gold (NYSE:KGC)

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