Analysts Set Kinross Gold Co. (NYSE:KGC) Price Target at $12.30

Kinross Gold Co. (NYSE:KGC) (TSE:K) has been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $13.30.

A number of research firms have recently issued reports on KGC. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Raymond James upped their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, April 4th. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Friday. CIBC raised their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets began coverage on Kinross Gold in a research report on Wednesday. They set an “outperform” rating on the stock.

Institutional Trading of Kinross Gold

A number of institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after buying an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its position in Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after acquiring an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold in the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC grew its position in shares of Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after purchasing an additional 4,788 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Kinross Gold by 188.6% during the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company’s stock worth $71,000 after purchasing an additional 3,659 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Kinross Gold Stock Down 1.6 %

KGC opened at $14.80 on Friday. The stock has a market capitalization of $18.21 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. Kinross Gold has a one year low of $6.34 and a one year high of $15.34. The business’s 50-day simple moving average is $12.06 and its 200-day simple moving average is $10.78.

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

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s payout ratio is currently 15.58%.

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.