Kinross Gold (NYSE:KGC) (TSE:K)‘s stock had its “sell” rating reissued by equities research analysts at Desjardins in a report issued on Monday. Desjardins also issued estimates for Kinross Gold’s FY2017 earnings at $0.16 EPS, FY2018 earnings at $0.10 EPS, FY2019 earnings at $0.06 EPS, FY2020 earnings at $0.10 EPS and FY2021 earnings at ($0.02) EPS.
A number of other equities research analysts have also weighed in on KGC. Jefferies Group set a $4.00 price objective on Kinross Gold and gave the company a “hold” rating in a report on Tuesday, August 15th. BidaskClub raised Kinross Gold from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Kinross Gold in a report on Friday, August 18th. ValuEngine raised Kinross Gold from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Citigroup raised Kinross Gold from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $3.25 to $4.75 in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.88.
Kinross Gold (NYSE:KGC) opened at $3.80 on Monday. The stock has a market capitalization of $4,763.54, a PE ratio of 42.44 and a beta of 0.11. Kinross Gold has a 52-week low of $2.88 and a 52-week high of $4.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.96 and a quick ratio of 2.18.
Large investors have recently made changes to their positions in the company. Contrarius Investment Management Ltd boosted its stake in shares of Kinross Gold by 4.0% during the 2nd quarter. Contrarius Investment Management Ltd now owns 16,214,176 shares of the mining company’s stock worth $65,992,000 after acquiring an additional 626,077 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Kinross Gold by 56.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 2,033,931 shares of the mining company’s stock valued at $8,278,000 after buying an additional 730,634 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Kinross Gold by 2.4% in 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 buying an additional 31,400 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Kinross Gold by 39.8% in the 2nd quarter. Alliancebernstein L.P. now owns 155,518 shares of the mining company’s stock valued at $633,000 after buying an additional 44,296 shares in the last quarter. Finally, Korea Investment CORP lifted its stake in Kinross Gold by 71.0% in the 3rd quarter. Korea Investment CORP now owns 134,148 shares of the mining company’s stock valued at $567,000 after buying an additional 55,691 shares in the last quarter. 55.81% of the stock is currently owned by institutional investors and hedge funds.
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About Kinross Gold
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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