Kinross Gold Co. (NYSE:KGC) Receives $11.63 Consensus Price Target from Analysts

Shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) have earned a consensus rating of “Moderate Buy” from the four ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $11.63.

Several research firms have recently weighed in on KGC. CIBC lifted their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. StockNews.com lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Kinross Gold Stock Performance

NYSE:KGC opened at $11.07 on Friday. The company has a market capitalization of $13.60 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.68 and a beta of 1.24. The business has a fifty day simple moving average of $10.61 and a two-hundred day simple moving average of $9.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold has a 1 year low of $4.75 and a 1 year high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. On average, analysts expect that Kinross Gold will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s payout ratio is 15.58%.

Hedge Funds Weigh In On Kinross Gold

Several hedge funds have recently bought and sold shares of KGC. Capstone Investment Advisors LLC bought a new position in Kinross Gold in the 3rd quarter valued at $774,000. Mediolanum International Funds Ltd purchased a new stake in shares of Kinross Gold in the fourth quarter worth $2,506,000. International Assets Investment Management LLC bought a new stake in Kinross Gold during the third quarter valued at $780,000. Geode Capital Management LLC boosted its stake in Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock valued at $54,803,000 after buying an additional 828,456 shares during the period. Finally, Raymond James & Associates grew its position in Kinross Gold by 25.7% during the third quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock worth $3,186,000 after buying an additional 69,520 shares in the last quarter. Hedge funds and other institutional investors own 63.69% 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 principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.