Kinross Gold Co. (NYSE:KGC) (TSE:K) traded down 5% during trading on Wednesday . The company traded as low as $4.50 and last traded at $4.52, 15,733,719 shares traded hands during trading. An increase of 18% from the average session volume of 13,315,624 shares. The stock had previously closed at $4.76.
A number of analysts recently issued reports on KGC shares. Royal Bank of Canada restated a “sector perform” rating and issued a $5.00 price target on shares of Kinross Gold in a research report on Thursday, December 5th. ValuEngine downgraded Kinross Gold from a “sell” rating to a “strong sell” rating in a research report on Friday. Beacon Securities reaffirmed a “buy” rating on shares of Kinross Gold in a research report on Tuesday, October 8th. TD Securities raised their price objective on Kinross Gold from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, CIBC set a $6.00 price objective on Kinross Gold and gave the company a “buy” rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Kinross Gold presently has a consensus rating of “Hold” and a consensus price target of $4.67.
The company has a quick ratio of 0.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $5.70 billion, a PE ratio of 45.60 and a beta of -0.15. The company has a 50-day moving average of $4.43 and a 200 day moving average of $4.55.
Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, November 6th. The mining company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Kinross Gold had a return on equity of 6.02% and a net margin of 5.15%. The company had revenue of $877.10 million during the quarter, compared to the consensus estimate of $908.75 million. During the same quarter last year, the business posted ($0.04) earnings per share. Kinross Gold’s revenue was up 16.3% compared to the same quarter last year. As a group, equities analysts predict that Kinross Gold Co. will post 0.3 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Voloridge Investment Management LLC bought a new stake in Kinross Gold in the 3rd quarter valued at about $1,404,000. Russell Investments Group Ltd. increased its position in shares of Kinross Gold by 229.5% in the third quarter. Russell Investments Group Ltd. now owns 3,460,368 shares of the mining company’s stock valued at $15,941,000 after buying an additional 2,410,177 shares in the last quarter. Millennium Management LLC increased its position in shares of Kinross Gold by 86.1% in the third quarter. Millennium Management LLC now owns 9,559,496 shares of the mining company’s stock valued at $43,973,000 after buying an additional 4,422,966 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Kinross Gold in the third quarter valued at approximately $361,000. Finally, Squarepoint Ops LLC increased its position in shares of Kinross Gold by 577.6% in the third quarter. Squarepoint Ops LLC now owns 116,956 shares of the mining company’s stock valued at $538,000 after buying an additional 99,695 shares in the last quarter. Hedge funds and other institutional investors own 52.22% of the company’s stock.
Kinross Gold Company Profile (NYSE:KGC)
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.
