Kinross Gold Co. (NYSE:KGC) (TSE:K) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 17,517,600 shares, a growth of 61.4% from the July 31st total of 10,852,100 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 13,680,000 shares, the days-to-cover ratio is presently 1.3 days.

Shares of NYSE KGC traded down $0.01 during midday trading on Friday, reaching $4.73. 1,833,091 shares of the company traded hands, compared to its average volume of 14,396,512. Kinross Gold has a 52 week low of $2.38 and a 52 week high of $5.32. The stock has a 50-day moving average price of $4.80 and a 200 day moving average price of $3.81. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.88 and a quick ratio of 1.16. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 47.25 and a beta of -0.06.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Wednesday, July 31st. The mining company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. Kinross Gold had a net margin of 0.13% and a return on equity of 2.78%. The business had revenue of $837.80 million for the quarter, compared to analysts’ expectations of $820.97 million. During the same period in the previous year, the business earned $0.03 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. As a group, analysts expect that Kinross Gold will post 0.26 EPS for the current year.

A number of equities research analysts have issued reports on KGC shares. JPMorgan Chase & Co. cut Kinross Gold from a “neutral” rating to an “underweight” rating and set a $3.20 target price on the stock. in a research note on Thursday, May 30th. Deutsche Bank set a $4.00 price objective on shares of Kinross Gold and gave the company a “hold” rating in a research note on Thursday, July 11th. Canaccord Genuity restated a “buy” rating on shares of Kinross Gold in a research note on Friday, July 19th. Raymond James restated an “outperform” rating and set a $5.00 price objective on shares of Kinross Gold in a research note on Friday, August 2nd. Finally, Citigroup lifted their price objective on shares of Kinross Gold from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $4.02.

A number of large investors have recently added to or reduced their stakes in KGC. Mercer Global Advisors Inc. ADV acquired a new position in Kinross Gold during the first quarter worth about $33,000. Janus Henderson Group PLC increased its stake in Kinross Gold by 89.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,558,439 shares of the mining company’s stock worth $5,366,000 after purchasing an additional 736,943 shares in the last quarter. Sigma Planning Corp purchased a new position in Kinross Gold in the 1st quarter worth about $52,000. Cetera Advisor Networks LLC purchased a new position in Kinross Gold in the 1st quarter worth about $69,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Kinross Gold by 6.3% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 215,004 shares of the mining company’s stock worth $989,000 after purchasing an additional 12,800 shares in the last quarter. 54.86% of the stock is currently owned by hedge funds and other institutional investors.

About Kinross Gold

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.

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