National Bank Financial Reaffirms Outperform Overweight Rating for Kinross Gold (NYSE:KGC)

National Bank Financial reaffirmed their outperform overweight rating on shares of Kinross Gold (NYSE:KGCFree Report) (TSE:K) in a research note issued to investors on Monday morning, Zacks.com reports.

A number of other research firms have also issued reports on KGC. Jefferies Financial Group started coverage on Kinross Gold in a report on Thursday, February 29th. They issued a hold rating and a $5.00 target price on the stock. StockNews.com upgraded shares of Kinross Gold from a hold rating to a buy rating in a research note on Tuesday, April 2nd. CIBC upped their target price on shares of Kinross Gold from $7.00 to $8.15 and gave the company an outperform rating in a research note on Wednesday, February 7th. Finally, TheStreet downgraded shares of Kinross Gold from a b rating to a c+ rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Kinross Gold currently has an average rating of Moderate Buy and a consensus price target of $6.28.

Get Our Latest Analysis on KGC

Kinross Gold Trading Up 1.6 %

NYSE:KGC opened at $6.48 on Monday. The company has a quick ratio of 0.95, a current ratio of 2.63 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $5.54 and its 200-day moving average is $5.50. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 2.10 and a beta of 1.15. Kinross Gold has a 12 month low of $4.32 and a 12 month high of $6.57.

Kinross Gold (NYSE:KGCGet Free Report) (TSE:K) last announced its earnings results on Thursday, February 15th. The mining company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $0.09 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts anticipate that Kinross Gold will post 0.35 EPS for the current year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.85%. Kinross Gold’s dividend payout ratio is currently 35.29%.

Institutional Investors Weigh In On Kinross Gold

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Kinross Gold by 1.1% in the third quarter. Vanguard Group Inc. now owns 44,404,283 shares of the mining company’s stock valued at $202,484,000 after acquiring an additional 463,035 shares during the period. Wellington Management Group LLP grew its stake in Kinross Gold by 975.2% during the third quarter. Wellington Management Group LLP now owns 555,458 shares of the mining company’s stock worth $2,543,000 after buying an additional 503,799 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Kinross Gold by 24.9% during the third quarter. American Century Companies Inc. now owns 8,046,094 shares of the mining company’s stock worth $36,680,000 after buying an additional 1,603,951 shares in the last quarter. Sprott Inc. increased its holdings in shares of Kinross Gold by 56.9% during the third quarter. Sprott Inc. now owns 1,866,520 shares of the mining company’s stock worth $8,511,000 after buying an additional 676,798 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Kinross Gold by 71.2% in the fourth quarter. Ballentine Partners LLC now owns 30,993 shares of the mining company’s stock valued at $188,000 after acquiring an additional 12,890 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Kinross Gold (NYSE:KGC)

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