Kinross Gold (NYSE:KGC) Given a $4.00 Price Target at Deutsche Bank

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Deutsche Bank set a $4.00 target price on Kinross Gold (NYSE:KGC) (TSE:K) in a research note issued to investors on Thursday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the mining company’s stock.

Several other equities research analysts have also recently commented on the company. ValuEngine raised Xylem from a hold rating to a buy rating in a research report on Friday, June 21st. JPMorgan Chase & Co. raised China Life Insurance from a neutral rating to an overweight rating in a research report on Thursday, May 30th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Guaranty Federal Bancshares from a hold rating to a sell rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Kinross Gold has an average rating of Hold and an average target price of $3.77.

NYSE KGC opened at $4.05 on Thursday. Kinross Gold has a 12 month low of $2.38 and a 12 month high of $4.13. The stock has a market capitalization of $5.07 billion, a PE ratio of 57.86 and a beta of 0.02. The business has a fifty day moving average of $3.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.12 and a current ratio of 3.02.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Tuesday, May 7th. The mining company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. Kinross Gold had a positive return on equity of 1.88% and a negative net margin of 2.10%. The company had revenue of $786.20 million for the quarter, compared to analysts’ expectations of $800.70 million. During the same period last year, the firm posted $0.10 earnings per share. Kinross Gold’s revenue was down 12.4% compared to the same quarter last year. As a group, equities research analysts expect that Kinross Gold will post 0.15 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in KGC. Norges Bank purchased a new position in Kinross Gold in the fourth quarter worth about $47,922,000. Deutsche Bank AG boosted its position in Kinross Gold by 102.9% in the fourth quarter. Deutsche Bank AG now owns 11,376,403 shares of the mining company’s stock worth $36,855,000 after purchasing an additional 5,769,102 shares during the last quarter. Nordea Investment Management AB boosted its position in Kinross Gold by 401.6% in the fourth quarter. Nordea Investment Management AB now owns 6,122,841 shares of the mining company’s stock worth $26,938,000 after purchasing an additional 4,902,210 shares during the last quarter. Paloma Partners Management Co boosted its position in Kinross Gold by 12,779.6% in the fourth quarter. Paloma Partners Management Co now owns 1,892,914 shares of the mining company’s stock worth $6,108,000 after purchasing an additional 1,878,217 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Kinross Gold in the first quarter worth about $7,003,000. 58.93% of the stock is currently 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 in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.

Read More: Understanding Analyst Recommendations

Analyst Recommendations for Kinross Gold (NYSE:KGC)

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