Kinross Gold Co. (NYSE:KGC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) have earned a consensus rating of “Moderate Buy” from the three analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $11.13.

Several research analysts have recently commented on KGC shares. Jefferies Financial Group lifted their price target on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 4th. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th.

Kinross Gold Stock Up 5.1 %

KGC stock opened at $10.40 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $9.75 and a two-hundred day moving average of $9.38. Kinross Gold has a 12 month low of $4.75 and a 12 month high of $10.82. The company has a market cap of $12.78 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 0.44 and a beta of 1.21.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. As a group, analysts forecast that Kinross Gold will post 0.7 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold’s dividend payout ratio (DPR) is presently 19.67%.

Institutional Investors Weigh In On Kinross Gold

Institutional investors and hedge funds have recently made changes to their positions in the stock. Corundum Trust Company INC purchased a new stake in Kinross Gold in the third quarter valued at approximately $94,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Kinross Gold in the third quarter valued at $94,000. EP Wealth Advisors LLC purchased a new stake in shares of Kinross Gold in the 3rd quarter valued at $95,000. Fiera Capital Corp acquired a new position in Kinross Gold during the 3rd quarter worth about $99,000. Finally, M&T Bank Corp purchased a new position in Kinross Gold during the 3rd quarter valued at about $100,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

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.