Kinross Gold Co. (NYSE:KGC) Given Average Rating of “Moderate Buy” by Analysts

Kinross Gold Co. (NYSE:KGC) (TSE:K) has been assigned an average recommendation of “Moderate Buy” from the four research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.63.

Several equities analysts have recently commented on KGC shares. CIBC increased their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th.

Kinross Gold Stock Performance

NYSE:KGC opened at $10.97 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The firm has a 50-day moving average of $10.49 and a two-hundred day moving average of $9.90. The stock has a market cap of $13.48 billion, a P/E ratio of 14.24, a PEG ratio of 0.67 and a beta of 1.24. Kinross Gold has a 1-year low of $4.75 and a 1-year high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. On average, research analysts expect that Kinross Gold will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s payout ratio is 15.58%.

Institutional Trading of Kinross Gold

Large investors have recently added to or reduced their stakes in the business. Creative Planning boosted its stake in Kinross Gold by 12.0% in the 3rd quarter. Creative Planning now owns 71,945 shares of the mining company’s stock worth $673,000 after purchasing an additional 7,689 shares during the period. Blue Trust Inc. boosted its stake in Kinross Gold by 88.5% in the 3rd quarter. Blue Trust Inc. now owns 21,351 shares of the mining company’s stock worth $200,000 after purchasing an additional 10,024 shares during the period. Raymond James & Associates boosted its stake in Kinross Gold by 25.7% in the 3rd quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock worth $3,186,000 after purchasing an additional 69,520 shares during the period. Private Advisor Group LLC boosted its stake in shares of Kinross Gold by 8.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock valued at $115,000 after buying an additional 981 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Kinross Gold during the 3rd quarter valued at $780,000. 63.69% of the stock is currently owned by institutional investors.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.