Kinross Gold (NYSE:KGC) Stock Rating Reaffirmed by Royal Bank of Canada

Royal Bank of Canada restated their hold rating on shares of Kinross Gold (NYSE:KGC) (TSE:K) in a research note issued to investors on Monday, AnalystRatings.com reports. Royal Bank of Canada currently has a $5.00 price target on the mining company’s stock.

Other analysts have also recently issued research reports about the stock. Beacon Securities reiterated a buy rating on shares of Kinross Gold in a research note on Tuesday, October 8th. ValuEngine cut shares of Kinross Gold from a sell rating to a strong sell rating in a research note on Friday, January 10th. Barclays reiterated an equal weight rating and issued a $5.00 price objective on shares of Kinross Gold in a research note on Tuesday, October 15th. They noted that the move was a valuation call. Finally, Raymond James reiterated an outperform rating and issued a $6.00 price objective on shares of Kinross Gold in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Kinross Gold presently has a consensus rating of Hold and an average target price of $4.90.

NYSE KGC opened at $4.75 on Monday. The firm has a 50-day moving average of $4.49 and a 200-day moving average of $4.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 2.71. The stock has a market cap of $5.87 billion, a PE ratio of 33.93 and a beta of -0.15. Kinross Gold has a 52-week low of $3.00 and a 52-week high of $5.47.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Wednesday, November 6th. The mining company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Kinross Gold had a net margin of 5.15% and a return on equity of 6.02%. The business had revenue of $877.10 million during the quarter, compared to analysts’ expectations of $908.75 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The business’s revenue was up 16.3% on a year-over-year basis. As a group, analysts predict that Kinross Gold will post 0.32 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. United Capital Financial Advisers LLC raised its position in shares of Kinross Gold by 13.2% in the 2nd quarter. United Capital Financial Advisers LLC now owns 22,514 shares of the mining company’s stock valued at $87,000 after buying an additional 2,628 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in shares of Kinross Gold by 1.4% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 220,900 shares of the mining company’s stock valued at $1,018,000 after buying an additional 3,000 shares in the last quarter. US Bancorp DE raised its position in shares of Kinross Gold by 25.7% in the 2nd quarter. US Bancorp DE now owns 18,111 shares of the mining company’s stock valued at $70,000 after buying an additional 3,703 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Kinross Gold by 36.5% in the 2nd quarter. Private Advisor Group LLC now owns 14,386 shares of the mining company’s stock valued at $56,000 after buying an additional 3,845 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of Kinross Gold in the 3rd quarter valued at approximately $25,000. Institutional investors own 52.04% of the company’s stock.

Kinross Gold Company Profile

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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Analyst Recommendations for Kinross Gold (NYSE:KGC)

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