Kinross Gold Co. (NYSE:KGC) (TSE:K) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 16,522,341 shares, a growth of 55.8% from the August 31st total of 10,605,195 shares. Based on an average trading volume of 11,215,636 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.3% of the company’s stock are short sold.

A number of analysts have recently commented on KGC shares. Jefferies Group LLC reissued a “hold” rating and issued a $3.75 price objective on shares of Kinross Gold in a research report on Thursday, September 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $5.25 target price on shares of Kinross Gold in a research report on Wednesday, September 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kinross Gold in a research report on Thursday, September 7th. Citigroup Inc. upgraded shares of Kinross Gold from a “sell” rating to a “neutral” rating and lifted their price target for the company from $3.25 to $4.75 in a research note on Friday, September 1st. Finally, ValuEngine upgraded shares of Kinross Gold from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Kinross Gold presently has a consensus rating of “Hold” and a consensus target price of $5.17.

Shares of Kinross Gold (NYSE:KGC) opened at 4.28 on Wednesday. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 101.90 and a beta of 0.12. Kinross Gold has a 1-year low of $2.88 and a 1-year high of $4.91. The firm has a 50-day moving average price of $4.43 and a 200 day moving average price of $4.08.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Wednesday, August 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The business had revenue of $868.60 million during the quarter, compared to the consensus estimate of $825.02 million. Kinross Gold had a net margin of 3.65% and a return on equity of 3.08%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. On average, analysts predict that Kinross Gold will post $0.11 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Commerzbank Aktiengesellschaft FI raised its stake in shares of Kinross Gold by 56.1% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 2,033,931 shares of the mining company’s stock worth $8,278,000 after purchasing an additional 730,634 shares during the period. Contrarius Investment Management Ltd grew its position in Kinross Gold by 4.0% during the second quarter. Contrarius Investment Management Ltd now owns 16,214,176 shares of the mining company’s stock valued at $65,992,000 after buying an additional 626,077 shares during the period. State of Wisconsin Investment Board grew its position in Kinross Gold by 2.4% during the second quarter. State of Wisconsin Investment Board now owns 1,350,184 shares of the mining company’s stock valued at $5,479,000 after buying an additional 31,400 shares during the period. FMR LLC grew its position in Kinross Gold by 18.7% during the first quarter. FMR LLC now owns 3,643,767 shares of the mining company’s stock valued at $12,851,000 after buying an additional 573,328 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Kinross Gold by 15.1% during the first quarter. Wells Fargo & Company MN now owns 91,788 shares of the mining company’s stock worth $322,000 after buying an additional 12,016 shares during the last quarter. Hedge funds and other institutional investors own 59.56% of the company’s stock.

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About Kinross Gold

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.

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