Kinross Gold (NYSE:KGC) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Kinross Gold (NYSE:KGC) (TSE:K) from a buy rating to a strong-buy rating in a research note published on Friday.

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

Kinross Gold Trading Up 2.0 %

KGC opened at $11.63 on Friday. The stock has a market capitalization of $14.29 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold has a 12 month low of $5.44 and a 12 month high of $12.28. The firm’s fifty day simple moving average is $11.01 and its 200 day simple moving average is $10.14. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (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%. As a group, research analysts anticipate that Kinross Gold will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. Kinross Gold’s dividend payout ratio is presently 15.58%.

Institutional Investors Weigh In On Kinross Gold

A number of institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of Kinross Gold by 2.2% in the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock valued at $381,000 after purchasing an additional 865 shares during the period. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock valued at $40,000 after purchasing an additional 1,002 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Kinross Gold by 2.4% in the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company’s stock valued at $423,000 after purchasing an additional 1,079 shares during the period. Schechter Investment Advisors LLC raised its holdings in shares of Kinross Gold by 2.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock valued at $367,000 after purchasing an additional 1,080 shares during the period. Finally, Atomi Financial Group Inc. raised its holdings in shares of Kinross Gold by 4.9% in the 4th quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock valued at $219,000 after purchasing an additional 1,106 shares during the period. 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.