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

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

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

Kinross Gold Stock Up 0.9 %

Shares of KGC opened at $12.32 on Wednesday. The firm has a market cap of $15.14 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. Kinross Gold has a 52 week low of $5.64 and a 52 week high of $12.39. The firm’s 50-day simple moving average is $11.17 and its 200 day simple moving average is $10.23.

Kinross Gold (NYSE:KGC) (TSE:K) last posted 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%. On average, analysts forecast that Kinross Gold will post 0.81 earnings per share for the current year.

Institutional Inflows and Outflows

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