Raymond James reaffirmed their outperform rating on shares of Kinross Gold (NYSE:KGC) (TSE:K) in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has a $6.00 target price on the mining company’s stock. Raymond James also issued estimates for Kinross Gold’s Q4 2019 earnings at $0.12 EPS, FY2019 earnings at $0.28 EPS, Q1 2020 earnings at $0.09 EPS, Q2 2020 earnings at $0.09 EPS, Q3 2020 earnings at $0.09 EPS, Q4 2020 earnings at $0.10 EPS, FY2020 earnings at $0.37 EPS and FY2021 earnings at $0.45 EPS.
A number of other equities analysts have also recently issued reports on KGC. ValuEngine cut shares of Kinross Gold from a sell rating to a strong sell rating in a research note on Friday. Deutsche Bank set a $4.00 price target on shares of Kinross Gold and gave the stock a hold rating in a research note on Thursday, July 11th. Barclays reiterated an equal weight rating and issued a $5.00 price target on shares of Kinross Gold in a research note on Tuesday, October 15th. They noted that the move was a valuation call. Canaccord Genuity reiterated a buy rating on shares of Kinross Gold in a research note on Friday, July 19th. Finally, Citigroup upped their price target on shares of Kinross Gold from $4.00 to $5.00 and gave the stock a neutral rating in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $4.77.
Shares of NYSE:KGC traded down $0.07 during midday trading on Friday, reaching $4.17. The company’s stock had a trading volume of 12,842,134 shares, compared to its average volume of 12,573,919. The firm has a 50 day moving average of $4.79 and a 200-day moving average of $4.20. The firm has a market capitalization of $5.99 billion, a P/E ratio of 41.70 and a beta of -0.05. The company has a quick ratio of 1.16, a current ratio of 2.88 and a debt-to-equity ratio of 0.41. Kinross Gold has a 12-month low of $2.38 and a 12-month high of $5.47.
Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, November 6th. The mining company reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. The firm had revenue of $877.10 million for the quarter, compared to the consensus estimate of $908.75 million. Kinross Gold had a net margin of 0.13% and a return on equity of 2.78%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. On average, research analysts predict that Kinross Gold will post 0.31 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Corient Capital Partners LLC bought a new position in Kinross Gold during the 3rd quarter valued at about $55,000. SG Americas Securities LLC bought a new position in Kinross Gold during the 3rd quarter valued at about $361,000. Symmetry Partners LLC bought a new position in Kinross Gold during the 3rd quarter valued at about $95,000. Atlas Capital Advisors LLC bought a new position in Kinross Gold during the 3rd quarter valued at about $224,000. Finally, Sigma Planning Corp bought a new position in Kinross Gold during the 3rd quarter valued at about $267,000. Institutional investors and hedge funds own 54.96% 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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