Kinross Gold Corporation (KGC) Given a $5.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a $5.00 price target on Kinross Gold Corporation (NYSE:KGC) (TSE:K) in a research report report published on Monday. The firm currently has a buy rating on the mining company’s stock.

A number of other equities analysts have also weighed in on KGC. TD Securities boosted their target price on Kinross Gold Corporation from $5.50 to $6.00 and gave the stock an action list buy rating in a research report on Thursday, August 3rd. BidaskClub lowered Kinross Gold Corporation from a hold rating to a sell rating in a research report on Wednesday, August 9th. National Bank Financial reissued a sector perform market weight rating on shares of Kinross Gold Corporation in a research report on Thursday, August 3rd. Berenberg Bank reissued a hold rating and issued a $4.60 target price on shares of Kinross Gold Corporation in a research report on Friday, August 4th. Finally, Jefferies Group LLC set a $4.00 target price on Kinross Gold Corporation and gave the stock a hold rating in a research report on Tuesday, August 15th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $5.19.

Shares of Kinross Gold Corporation (KGC) traded down 1.50% during mid-day trading on Monday, hitting $3.94. 5,065,321 shares of the stock traded hands. Kinross Gold Corporation has a 1-year low of $2.88 and a 1-year high of $4.91. The company has a market capitalization of $4.91 billion, a PE ratio of 93.81 and a beta of 0.12. The company’s 50-day moving average price is $4.31 and its 200 day moving average price is $4.17.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The business had revenue of $868.60 million during the quarter, compared to analyst estimates of $825.02 million. During the same quarter in the previous year, the firm earned ($0.01) EPS. Kinross Gold Corporation’s revenue was down .9% on a year-over-year basis. Equities research analysts forecast that Kinross Gold Corporation will post $0.12 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI grew its stake in shares of Kinross Gold Corporation by 56.1% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 2,033,931 shares of the mining company’s stock valued at $8,278,000 after acquiring an additional 730,634 shares during the period. Contrarius Investment Management Ltd grew its stake in shares of Kinross Gold Corporation by 4.0% during the 2nd quarter. Contrarius Investment Management Ltd now owns 16,214,176 shares of the mining company’s stock valued at $65,992,000 after acquiring an additional 626,077 shares during the period. State of Wisconsin Investment Board grew its stake in shares of Kinross Gold Corporation by 2.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 1,350,184 shares of the mining company’s stock valued at $5,479,000 after acquiring an additional 31,400 shares during the period. FMR LLC grew its stake in shares of Kinross Gold Corporation by 18.7% during the 1st quarter. FMR LLC now owns 3,643,767 shares of the mining company’s stock valued at $12,851,000 after acquiring an additional 573,328 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Kinross Gold Corporation by 15.1% during the 1st quarter. Wells Fargo & Company MN now owns 91,788 shares of the mining company’s stock valued at $322,000 after acquiring an additional 12,016 shares during the period. Institutional investors own 59.15% of the company’s stock.

About Kinross Gold Corporation

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.

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