Kinross Gold (NYSE:KGC) Upgraded to Strong-Buy at Stifel Canada

Kinross Gold (NYSE:KGC) (TSE:K) was upgraded by stock analysts at Stifel Canada to a “strong-buy” rating in a report issued 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 commented on KGC. CIBC raised 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. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Friday, March 14th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Stock Up 1.5 %

NYSE KGC opened at $12.21 on Wednesday. The stock’s 50 day simple moving average is $11.14 and its 200 day simple moving average is $10.21. 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 one year low of $5.44 and a one year high of $12.34. The firm has a market cap of $15.00 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly 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 return on equity of 12.65% and a net margin of 18.43%. As a group, sell-side analysts forecast that Kinross Gold will post 0.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kinross Gold

Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its position in shares of Kinross Gold by 109.3% in the fourth 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 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 position in shares of Kinross Gold during the 4th quarter worth approximately $42,000. Global Retirement Partners LLC lifted its holdings 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 purchasing 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. Institutional investors and hedge funds 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.