KGC has been the subject of a number of other reports. Citigroup lowered their price target on Kinross Gold from $4.00 to $3.25 and set a neutral rating for the company in a report on Wednesday, August 29th. JPMorgan Chase & Co. lowered their price target on Kinross Gold from $6.00 to $5.00 and set a neutral rating for the company in a report on Monday, September 17th. Barclays assumed coverage on Kinross Gold in a report on Wednesday, October 10th. They set an overweight rating and a $4.00 price target for the company. ValuEngine upgraded Kinross Gold from a strong sell rating to a sell rating in a report on Tuesday, October 2nd. Finally, Credit Suisse Group set a $4.00 price target on Kinross Gold and gave the stock a hold rating in a report on Tuesday, September 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $4.28.
NYSE:KGC traded down $0.07 during trading hours on Thursday, hitting $2.59. The company had a trading volume of 978,909 shares, compared to its average volume of 15,125,552. The company has a quick ratio of 1.88, a current ratio of 3.71 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.38 billion, a P/E ratio of 18.54 and a beta of 0.22. Kinross Gold has a 1 year low of $2.51 and a 1 year high of $4.78.
Institutional investors have recently made changes to their positions in the stock. Regentatlantic Capital LLC boosted its holdings in Kinross Gold by 152.1% during the 2nd quarter. Regentatlantic Capital LLC now owns 28,135 shares of the mining company’s stock valued at $106,000 after acquiring an additional 16,975 shares during the period. Vanguard Capital Wealth Advisors purchased a new position in Kinross Gold during the 2nd quarter valued at about $182,000. Nomura Holdings Inc. purchased a new position in Kinross Gold during the 2nd quarter valued at about $248,000. Gamco Investors INC. ET AL boosted its holdings in Kinross Gold by 126.2% during the 3rd quarter. Gamco Investors INC. ET AL now owns 101,800 shares of the mining company’s stock valued at $275,000 after acquiring an additional 56,800 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Kinross Gold by 4,393.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 96,161 shares of the mining company’s stock valued at $362,000 after acquiring an additional 94,021 shares during the period. Institutional investors own 53.65% of the company’s stock.
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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