Kinross Gold Corp. (KGC) Trading Up 1.9%
Kinross Gold Corp. (NYSE:KGC)’s share price was up 1.9% during mid-day trading on Wednesday . The stock traded as high as $5.46 and last traded at $5.41, with a volume of 6,837,380 shares. The stock had previously closed at $5.31.
A number of equities analysts have recently weighed in on the company. Macquarie raised Kinross Gold Corp. from an “underperform” rating to a “neutral” rating in a report on Friday, July 1st. Credit Suisse Group AG cut Kinross Gold Corp. from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $4.50 to $5.50 in a report on Tuesday, May 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Kinross Gold Corp. in a report on Thursday, June 30th. Zacks Investment Research cut Kinross Gold Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Finally, Deutsche Bank AG cut Kinross Gold Corp. from a “hold” rating to a “sell” rating and set a $3.10 price target for the company. in a report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $4.34.
The company’s market capitalization is $6.72 billion. The firm has a 50 day moving average of $5.05 and a 200 day moving average of $3.72.
Kinross Gold Corp. (NYSE:KGC) last posted its earnings results on Tuesday, May 10th. The mining company reported ($0.01) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The business had revenue of $782.60 million for the quarter, compared to analyst estimates of $808.09 million. During the same period in the previous year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts expect that Kinross Gold Corp. will post $0.08 EPS for the current fiscal year.
A number of institutional investors have bought and sold shares of KGC. State of Wisconsin Investment Board increased its position in Kinross Gold Corp. by 69.7% in the fourth quarter. State of Wisconsin Investment Board now owns 995,784 shares of the mining company’s stock valued at $1,799,000 after buying an additional 408,900 shares during the last quarter. Sei Investments Co. increased its position in Kinross Gold Corp. by 4,075.1% in the fourth quarter. Sei Investments Co. now owns 2,640,989 shares of the mining company’s stock valued at $4,806,000 after buying an additional 2,577,733 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in Kinross Gold Corp. by 16.4% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,687,633 shares of the mining company’s stock valued at $6,746,000 after buying an additional 378,100 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its position in Kinross Gold Corp. by 3.7% in the fourth quarter. OppenheimerFunds Inc. now owns 2,800,487 shares of the mining company’s stock valued at $5,097,000 after buying an additional 100,487 shares during the last quarter.
Kinross Gold Corporation is gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. Its segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
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