Kinross Gold (NYSE:KGC) Stock Rating Lowered by StockNews.com

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

Several other brokerages have also commented on KGC. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. 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 note on Thursday, February 13th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Price Performance

KGC stock opened at $12.17 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. Kinross Gold has a 1 year low of $5.67 and a 1 year high of $12.39. The firm has a 50-day moving average of $11.21 and a 200 day moving average of $10.27. The company has a market cap of $14.97 billion, a P/E ratio of 15.80, a PEG ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results 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 return on equity of 12.65% and a net margin of 18.43%. On average, sell-side analysts forecast that Kinross Gold will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Kinross Gold

Several large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its stake in Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after purchasing an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Kinross Gold by 30.4% during 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 last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Kinross Gold during the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC raised its holdings in Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after acquiring an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after acquiring an additional 5,140 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.