Kinross Gold Co. (NYSE:KGC) (TSE:K) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 23,120,000 shares, an increase of 7.8% from the January 15th total of 21,450,000 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 11,660,000 shares, the short-interest ratio is currently 2.0 days.

A number of equities analysts have recently issued reports on KGC shares. Raymond James restated an “outperform” rating and issued a $6.50 price target on shares of Kinross Gold in a research note on Friday. Zacks Investment Research upgraded Kinross Gold from a “sell” rating to a “hold” rating and set a $5.25 price target on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada restated a “hold” rating and issued a $5.00 price target on shares of Kinross Gold in a research note on Monday, January 20th. ValuEngine upgraded Kinross Gold from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 29th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $5.25 price target on shares of Kinross Gold in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $5.12.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its position in Kinross Gold by 3.8% during the fourth quarter. Quadrant Capital Group LLC now owns 54,143 shares of the mining company’s stock valued at $254,000 after purchasing an additional 1,992 shares in the last quarter. Virginia Retirement Systems ET AL lifted its position in shares of Kinross Gold by 1.1% in the fourth quarter. Virginia Retirement Systems ET AL now owns 223,300 shares of the mining company’s stock valued at $1,061,000 after acquiring an additional 2,400 shares in the last quarter. Signaturefd LLC lifted its position in shares of Kinross Gold by 22.1% in the fourth quarter. Signaturefd LLC now owns 22,511 shares of the mining company’s stock valued at $107,000 after acquiring an additional 4,073 shares in the last quarter. Advisor Partners LLC lifted its position in shares of Kinross Gold by 15.3% in the fourth quarter. Advisor Partners LLC now owns 31,090 shares of the mining company’s stock valued at $144,000 after acquiring an additional 4,134 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Kinross Gold by 32.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 19,483 shares of the mining company’s stock valued at $93,000 after acquiring an additional 4,774 shares in the last quarter. Institutional investors own 52.06% of the company’s stock.

NYSE KGC traded down $0.09 on Friday, hitting $5.05. 18,532,890 shares of the company traded hands. The business’s 50 day moving average price is $4.78 and its 200-day moving average price is $4.69. 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 released its earnings results on Wednesday, February 12th. The mining company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The company had revenue of $996.20 million for the quarter, compared to analysts’ expectations of $947.81 million. Kinross Gold’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share. On average, sell-side analysts forecast that Kinross Gold will post 0.45 EPS for the current year.

About Kinross Gold

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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