StockNews.com Upgrades Kinross Gold (NYSE:KGC) to “Strong-Buy”

Kinross Gold (NYSE:KGC) (TSE:K) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Separately, CIBC upped their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kinross Gold presently has an average rating of “Buy” and a consensus price target of $11.63.

Kinross Gold Trading Up 2.0 %

KGC stock opened at $11.63 on Friday. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. Kinross Gold has a twelve month low of $5.44 and a twelve month high of $12.28. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The firm’s fifty day simple moving average is $11.01 and its two-hundred day simple moving average is $10.15.

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

Institutional Trading of Kinross Gold

A number of hedge funds have recently added to or reduced their stakes in KGC. Jones Financial Companies Lllp lifted its stake in Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after acquiring an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC lifted its stake in Kinross Gold by 30.4% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after acquiring an additional 1,002 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Kinross Gold in the fourth quarter worth about $42,000. Global Retirement Partners LLC lifted its position in shares of Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after buying an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after buying an additional 5,140 shares during the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Company Profile

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.