Kinross Gold Co. (NYSE:KGC) (TSE:K)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $4.01 and last traded at $3.93, with a volume of 4647129 shares traded. The stock had previously closed at $3.95.
KGC has been the subject of several recent analyst reports. Zacks Investment Research cut Kinross Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. JPMorgan Chase & Co. cut Kinross Gold from a “neutral” rating to an “underweight” rating and set a $3.20 price target for the company. in a research note on Thursday, May 30th. Finally, ValuEngine raised Kinross Gold from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.77.
The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.12 and a current ratio of 3.02. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 38.40 and a beta of -0.13. The firm’s fifty day simple moving average is $3.37.
Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Tuesday, May 7th. The mining company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The business had revenue of $786.20 million during the quarter, compared to analyst estimates of $800.70 million. Kinross Gold had a positive return on equity of 1.88% and a negative net margin of 2.10%. The company’s revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Research analysts predict that Kinross Gold Co. will post 0.13 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in KGC. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Kinross Gold during the first quarter valued at $33,000. K.J. Harrison & Partners Inc purchased a new stake in shares of Kinross Gold during the first quarter valued at $34,000. Maven Securities LTD purchased a new stake in shares of Kinross Gold during the fourth quarter valued at $44,000. PNC Financial Services Group Inc. lifted its holdings in shares of Kinross Gold by 65.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,679 shares of the mining company’s stock valued at $45,000 after purchasing an additional 5,390 shares during the last quarter. Finally, Sigma Planning Corp purchased a new stake in shares of Kinross Gold during the first quarter valued at $52,000. 58.93% of the stock is owned by institutional investors and hedge funds.
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.
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