Kinross Gold (NYSE:KGC) (TSE:K) had its price target boosted by TD Securities from $5.00 to $6.00 in a report released on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Kinross Gold from a buy rating to a hold rating in a research report on Wednesday, September 11th. Royal Bank of Canada reiterated a hold rating and set a $4.25 price target on shares of Kinross Gold in a research report on Sunday, August 11th. JPMorgan Chase & Co. cut shares of Kinross Gold from a neutral rating to an underweight rating and set a $3.20 price target on the stock. in a research report on Thursday, May 30th. Citigroup increased their price target on shares of Kinross Gold from $4.00 to $5.00 and gave the company a neutral rating in a research report on Wednesday, September 11th. Finally, Canaccord Genuity reiterated a buy rating on shares of Kinross Gold in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Kinross Gold currently has an average rating of Buy and a consensus price target of $4.29.

KGC stock opened at $5.18 on Tuesday. The company has a current ratio of 2.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $4.92 and its 200 day moving average is $3.87. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 50.20 and a beta of -0.06. Kinross Gold has a 1-year low of $2.38 and a 1-year high of $5.32.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, July 31st. The mining company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. Kinross Gold had a net margin of 0.13% and a return on equity of 2.78%. The business had revenue of $837.80 million for the quarter, compared to analysts’ expectations of $820.97 million. During the same period last year, the business earned $0.03 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that Kinross Gold will post 0.26 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. United Capital Financial Advisers LLC grew its holdings in shares of Kinross Gold by 13.2% in the second quarter. United Capital Financial Advisers LLC now owns 22,514 shares of the mining company’s stock worth $87,000 after purchasing an additional 2,628 shares during the last quarter. US Bancorp DE grew its holdings in shares of Kinross Gold by 25.7% in the second quarter. US Bancorp DE now owns 18,111 shares of the mining company’s stock worth $70,000 after purchasing an additional 3,703 shares during the last quarter. Advisor Partners LLC grew its holdings in shares of Kinross Gold by 17.6% in the second quarter. Advisor Partners LLC now owns 25,351 shares of the mining company’s stock worth $98,000 after purchasing an additional 3,795 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Kinross Gold by 36.5% in the second 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. Finally, GAM Holding AG grew its holdings in shares of Kinross Gold by 13.0% in the second quarter. GAM Holding AG now owns 34,714 shares of the mining company’s stock worth $135,000 after purchasing an additional 4,003 shares during the last quarter. Hedge funds and other institutional investors own 54.86% 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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