Short Interest in Kinross Gold Co. (KGC) Decreases By 37.1%
Kinross Gold Co. (NYSE:KGC) (TSE:K) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 25,875,663 shares, a drop of 37.1% from the January 15th total of 41,113,405 shares. Based on an average daily trading volume, of 11,550,255 shares, the short-interest ratio is currently 2.2 days.
KGC has been the subject of several research reports. 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. BMO Capital Markets reissued a “hold” rating and issued a $3.25 target price on shares of Kinross Gold in a research note on Friday, November 9th. ValuEngine cut Kinross Gold from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Royal Bank of Canada reissued a “hold” rating on shares of Kinross Gold in a research note on Thursday, November 8th. Finally, Raymond James lowered their target price on Kinross Gold from $5.00 to $4.50 and set an “outperform” rating for the company in a research note on Friday, November 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $4.08.
NYSE:KGC opened at $3.21 on Thursday. Kinross Gold has a 12-month low of $2.38 and a 12-month high of $4.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.26 and a current ratio of 3.07. The firm has a market capitalization of $4.03 billion, a PE ratio of 22.93 and a beta of -0.01.
Kinross Gold Company Profile
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.
Further Reading: Net Asset Value
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