Kinross Gold (NYSE:KGC) Stock Rating Upgraded by Stifel Canada

Kinross Gold (NYSE:KGC) (TSE:K) was upgraded by investment analysts at Stifel Canada to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Kinross Gold’s FY2028 earnings at $0.19 EPS.

A number of other equities research analysts have also issued reports on KGC. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 14th. CIBC lifted their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Stock Up 0.9 %

Shares of KGC stock opened at $12.32 on Wednesday. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold has a 12-month low of $5.64 and a 12-month high of $12.39. The firm has a fifty day moving average of $11.17 and a 200-day moving average of $10.23. 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 (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (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, equities research analysts predict that Kinross Gold will post 0.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kinross Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capstone Investment Advisors LLC bought a new position in shares of Kinross Gold in the 3rd quarter valued at about $774,000. Mediolanum International Funds Ltd acquired a new stake in Kinross Gold in the 4th quarter valued at about $2,506,000. Truist Financial Corp grew its holdings in Kinross Gold by 48.2% during the fourth quarter. Truist Financial Corp now owns 302,057 shares of the mining company’s stock worth $2,800,000 after purchasing an additional 98,196 shares during the period. Geode Capital Management LLC increased its position in Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after buying an additional 828,456 shares during the last quarter. Finally, DJE Kapital AG bought a new stake in Kinross Gold in the fourth quarter valued at approximately $3,723,000. 63.69% of the stock is owned by 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.