Kinross Gold (NYSE:KGC) Given New $15.00 Price Target at Raymond James

Kinross Gold (NYSE:KGC) (TSE:K) had its price objective increased by Raymond James from $12.00 to $15.00 in a research report released on Friday,Benzinga reports. They currently have a market perform rating on the mining company’s stock.

Several other research analysts also recently commented on KGC. StockNews.com downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, CIBC upped their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $12.30.

Kinross Gold Price Performance

KGC opened at $11.84 on Friday. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 0.68 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $11.60 and a 200-day moving average price of $10.48. Kinross Gold has a twelve month low of $6.20 and a twelve month high of $12.90.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) 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%. Equities analysts expect that Kinross Gold will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.01%. Kinross Gold’s dividend payout ratio (DPR) is presently 15.58%.

Institutional Trading of Kinross Gold

Hedge funds have recently bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of Kinross Gold by 11.9% during the third quarter. Cerity Partners LLC now owns 84,628 shares of the mining company’s stock worth $792,000 after acquiring an additional 8,993 shares in the last quarter. FMR LLC raised its position in Kinross Gold by 18.0% in the 3rd quarter. FMR LLC now owns 2,896,047 shares of the mining company’s stock worth $27,131,000 after purchasing an additional 441,202 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Kinross Gold by 2.0% in the third quarter. Integrated Wealth Concepts LLC now owns 188,263 shares of the mining company’s stock worth $1,762,000 after purchasing an additional 3,620 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in Kinross Gold during the third quarter valued at about $848,000. Finally, Quantinno Capital Management LP boosted its position in Kinross Gold by 12.0% during the third quarter. Quantinno Capital Management LP now owns 37,026 shares of the mining company’s stock valued at $347,000 after buying an additional 3,958 shares during the period. Institutional investors own 63.69% of the company’s stock.

About Kinross Gold

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.