Kinross Gold (NYSE:KGC) Given New $15.00 Price Target at Raymond James

Kinross Gold (NYSE:KGC) (TSE:K) had its price objective lifted by Raymond James from $12.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a market perform rating on the mining company’s stock.

Several other equities analysts have also recently weighed in on the stock. StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. CIBC increased their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. National Bank Financial raised Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Kinross Gold presently has an average rating of “Buy” and a consensus price target of $12.30.

Kinross Gold Trading Down 6.7 %

Shares of Kinross Gold stock opened at $11.84 on Friday. The stock has a market capitalization of $14.56 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold has a 52 week low of $6.20 and a 52 week high of $12.90. The stock has a 50 day moving average price of $11.60 and a two-hundred day moving average price of $10.48. 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 (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts anticipate that Kinross Gold will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s payout ratio is 15.58%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cerity Partners LLC boosted its holdings in shares of Kinross Gold by 11.9% in the 3rd quarter. Cerity Partners LLC now owns 84,628 shares of the mining company’s stock worth $792,000 after buying an additional 8,993 shares during the last quarter. FMR LLC boosted its stake in Kinross Gold by 18.0% in the third quarter. FMR LLC now owns 2,896,047 shares of the mining company’s stock valued at $27,131,000 after acquiring an additional 441,202 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Kinross Gold by 2.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 188,263 shares of the mining company’s stock valued at $1,762,000 after acquiring an additional 3,620 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Kinross Gold during the 3rd quarter worth approximately $848,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Kinross Gold by 12.0% in the 3rd quarter. Quantinno Capital Management LP now owns 37,026 shares of the mining company’s stock worth $347,000 after purchasing an additional 3,958 shares during the period. Institutional investors own 63.69% of the company’s stock.

About Kinross Gold

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.