Kinross Gold (NYSE:KGC) Cut to Buy at StockNews.com

Kinross Gold (NYSE:KGC) (TSE:K) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also weighed in on KGC. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday. CIBC upped their price objective 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 equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $11.63.

Kinross Gold Price Performance

NYSE KGC opened at $12.17 on Friday. Kinross Gold has a 52 week low of $5.64 and a 52 week high of $12.39. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The company has a 50-day moving average price of $11.21 and a two-hundred day moving average price of $10.25.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Analysts forecast that Kinross Gold will post 0.81 EPS for the current year.

Institutional Trading of Kinross Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in KGC. Signaturefd LLC lifted its position in Kinross Gold by 2.2% during the fourth quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock worth $381,000 after purchasing an additional 865 shares during the period. Mark Sheptoff Financial Planning LLC increased its stake in shares of 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 valued at $40,000 after buying an additional 1,002 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Kinross Gold by 2.4% in the fourth quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company’s stock valued at $423,000 after buying an additional 1,079 shares during the period. Schechter Investment Advisors LLC increased its stake in shares of Kinross Gold by 2.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock valued at $367,000 after buying an additional 1,080 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in shares of Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock valued at $219,000 after buying an additional 1,106 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.