Kinross Gold (NYSE:KGC) (TSE:K)‘s stock had its “outperform” rating reissued by analysts at Raymond James in a research report issued on Friday, November 8th, BayStreet.CA reports. They currently have a $6.00 price target on the mining company’s stock. Raymond James’ price objective would suggest a potential upside of 41.18% from the company’s previous close. 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.
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A number of other brokerages have also commented on KGC. Deutsche Bank set a $4.00 price objective on Kinross Gold and gave the stock a “hold” rating in a research report on Thursday, July 11th. Citigroup lifted their price objective on Kinross Gold from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Royal Bank of Canada lifted their target price on Kinross Gold from $5.50 to $6.00 and gave the company a “sector perform” rating in a research report on Monday, September 23rd. CIBC set a $6.00 target price on Kinross Gold and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Kinross Gold in a research report on Friday, July 19th. 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 company’s stock. Kinross Gold currently has a consensus rating of “Hold” and an average price target of $4.77.
Shares of KGC traded down $0.01 during mid-day trading on Friday, hitting $4.25. The company’s stock had a trading volume of 648,636 shares, compared to its average volume of 13,897,766. Kinross Gold has a one year low of $2.50 and a one year high of $5.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 2.71. The firm has a market capitalization of $5.33 billion, a PE ratio of 42.50 and a beta of -0.05. The stock’s 50-day moving average is $4.59 and its two-hundred day moving average is $4.27.
Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, November 6th. The mining company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $877.10 million during the quarter, compared to analysts’ expectations of $908.75 million. Kinross Gold had a return on equity of 6.02% and a net margin of 5.15%. Kinross Gold’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the business earned ($0.04) earnings per share. Analysts expect that Kinross Gold will post 0.31 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the business. Cerebellum GP LLC bought a new stake in shares of Kinross Gold during the 3rd quarter valued at $25,000. Staley Capital Advisers Inc. bought a new position in Kinross Gold in the second quarter worth approximately $50,000. Corient Capital Partners LLC bought a new position in Kinross Gold in the third quarter worth approximately $55,000. Private Advisor Group LLC boosted its holdings in Kinross Gold by 36.5% in the second quarter. Private Advisor Group LLC now owns 14,386 shares of the mining company’s stock worth $56,000 after acquiring an additional 3,845 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Kinross Gold by 25.7% in the second quarter. US Bancorp DE now owns 18,111 shares of the mining company’s stock worth $70,000 after acquiring an additional 3,703 shares in the last quarter. 50.87% of the stock is currently 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 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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