Shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) were up 7.5% on Friday . The company traded as high as $5.04 and last traded at $5.03, approximately 18,378,873 shares traded hands during mid-day trading. An increase of 54% from the average daily volume of 11,923,782 shares. The stock had previously closed at $4.68.

A number of research analysts have weighed in on KGC shares. Raymond James restated an “outperform” rating and issued a $5.00 price target on shares of Kinross Gold in a research note on Friday, August 2nd. Canaccord Genuity restated a “buy” rating on shares of Kinross Gold in a research note on Friday, July 19th. Deutsche Bank set a $4.00 price target on Kinross Gold and gave the company a “hold” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. downgraded Kinross Gold from a “neutral” rating to an “underweight” rating and set a $3.20 price target for the company. in a research note on Thursday, May 30th. Finally, ValuEngine upgraded Kinross Gold from a “hold” rating to a “buy” rating in a research note on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.85.

The company has a market capitalization of $6.29 billion and a price-to-earnings ratio of 50.30. The stock has a 50-day moving average price of $4.44 and a 200-day moving average price of $3.66. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.88 and a quick ratio of 1.16.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, July 31st. The mining company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. Kinross Gold had a return on equity of 2.78% and a net margin of 0.13%. The company had revenue of $837.80 million during the quarter, compared to analysts’ expectations of $820.97 million. During the same period last year, the firm posted $0.03 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that Kinross Gold Co. will post 0.25 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KGC. Mercer Global Advisors Inc. ADV acquired a new stake in Kinross Gold during the 1st quarter worth approximately $33,000. K.J. Harrison & Partners Inc acquired a new stake in Kinross Gold during the 1st quarter worth approximately $34,000. Staley Capital Advisers Inc. acquired a new stake in Kinross Gold during the 2nd quarter worth approximately $50,000. Sigma Planning Corp acquired a new stake in Kinross Gold during the 1st quarter worth approximately $52,000. Finally, Private Advisor Group LLC lifted its holdings in Kinross Gold by 36.5% during the 2nd quarter. Private Advisor Group LLC now owns 14,386 shares of the mining company’s stock worth $56,000 after purchasing an additional 3,845 shares during the last quarter. 55.10% of the stock is owned by institutional investors.

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.

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