Deutsche Bank set a $4.00 price target on Kinross Gold (NYSE:KGC) (TSE:K) in a research note published on Thursday, Stock Target Advisor reports. The firm currently has a hold rating on the mining company’s stock.
A number of other research firms also recently issued reports on KGC. JPMorgan Chase & Co. upgraded China Life Insurance from a neutral rating to an overweight rating in a research note on Thursday, May 30th. They noted that the move was a valuation call. ValuEngine upgraded Xylem from a hold rating to a buy rating in a research note on Friday, June 21st. Finally, Zacks Investment Research downgraded Guaranty Federal Bancshares from a hold rating to a sell rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $3.77.
NYSE KGC opened at $4.05 on Thursday. Kinross Gold has a one year low of $2.38 and a one year high of $4.13. The stock has a 50-day simple moving average of $3.61. The company has a market cap of $5.07 billion, a P/E ratio of 40.50 and a beta of 0.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.02 and a quick ratio of 1.12.
Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Tuesday, May 7th. The mining company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.06. The business had revenue of $786.20 million during the quarter, compared to the consensus estimate of $800.70 million. Kinross Gold had a positive return on equity of 1.88% and a negative net margin of 2.10%. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. On average, equities research analysts anticipate that Kinross Gold will post 0.15 EPS for the current year.
Several hedge funds have recently bought and sold shares of KGC. Mercer Global Advisors Inc. ADV purchased a new position in shares of Kinross Gold during the 1st quarter valued at about $33,000. K.J. Harrison & Partners Inc purchased a new position in shares of Kinross Gold during the 1st quarter valued at about $34,000. Maven Securities LTD purchased a new position in shares of Kinross Gold during the 4th quarter valued at about $44,000. PNC Financial Services Group Inc. lifted its position in shares of Kinross Gold by 65.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,679 shares of the mining company’s stock valued at $45,000 after buying an additional 5,390 shares in the last quarter. Finally, Sigma Planning Corp purchased a new position in shares of Kinross Gold during the 1st quarter valued at about $52,000. 58.93% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Story: Institutional Investors
Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.