Kinross Gold Corporation (KGC) Rating Increased to Outperform at Macquarie

Kinross Gold Corporation (NYSE:KGC) (TSE:K) was upgraded by equities research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a report issued on Friday. The brokerage presently has a $4.37 price objective on the mining company’s stock, down from their prior price objective of $4.40. Macquarie’s price objective points to a potential upside of 1.63% from the stock’s previous close.

A number of other equities research analysts have also recently commented on KGC. TD Securities increased their target price on shares of Kinross Gold Corporation from $5.50 to $6.00 and gave the company an “action list buy” rating in a research report on Thursday, August 3rd. BidaskClub cut shares of Kinross Gold Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. National Bank Financial reiterated a “sector perform market weight” rating on shares of Kinross Gold Corporation in a research report on Thursday, August 3rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinross Gold Corporation in a research report on Friday, August 18th. Finally, Berenberg Bank reiterated a “hold” rating and issued a $4.60 target price on shares of Kinross Gold Corporation in a research report on Friday, August 4th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Kinross Gold Corporation presently has an average rating of “Hold” and an average target price of $4.88.

Kinross Gold Corporation (KGC) opened at $4.30 on Friday. The company has a current ratio of 3.96, a quick ratio of 2.37 and a debt-to-equity ratio of 0.39. The stock has a market cap of $5,362.10, a price-to-earnings ratio of 47.78 and a beta of 0.09. Kinross Gold Corporation has a twelve month low of $2.88 and a twelve month high of $4.91.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The business had revenue of $828.00 million for the quarter, compared to the consensus estimate of $787.40 million. Kinross Gold Corporation had a net margin of 3.28% and a return on equity of 2.58%. The company’s revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. equities research analysts predict that Kinross Gold Corporation will post 0.13 EPS for the current year.

WARNING: “Kinross Gold Corporation (KGC) Rating Increased to Outperform at Macquarie” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2017/11/12/kinross-gold-corporation-kgc-rating-increased-to-outperform-at-macquarie.html.

Institutional investors have recently added to or reduced their stakes in the stock. Van Hulzen Asset Management LLC acquired a new stake in shares of Kinross Gold Corporation during the third quarter valued at about $108,000. Sigma Planning Corp acquired a new stake in shares of Kinross Gold Corporation during the third quarter valued at about $121,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Kinross Gold Corporation by 6.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock valued at $146,000 after acquiring an additional 2,116 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Kinross Gold Corporation by 63.1% during the second quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock valued at $154,000 after acquiring an additional 14,674 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Kinross Gold Corporation by 22.0% during the second quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock valued at $158,000 after acquiring an additional 7,000 shares during the last quarter. Hedge funds and other institutional investors own 59.32% of the company’s stock.

Kinross Gold Corporation Company Profile

Kinross Gold Corporation is a gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

Analyst Recommendations for Kinross Gold Corporation (NYSE:KGC)

Receive News & Ratings for Kinross Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply