Kinross Gold Corp. (KGC) Trading Down 2.7%
Kinross Gold Corp. (NYSE:KGC) shares were down 2.7% during mid-day trading on Friday . The company traded as low as $5.22 and last traded at $5.36, with a volume of 9,179,376 shares changing hands. The stock had previously closed at $5.51.
A number of research analysts recently issued reports on KGC shares. Citigroup Inc. started coverage on shares of Kinross Gold Corp. in a report on Tuesday. They set a “neutral” rating and a $5.50 price objective for the company. BMO Capital Markets reiterated a “buy” rating and issued a $6.50 price target on shares of Kinross Gold Corp. in a report on Thursday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinross Gold Corp. in a report on Thursday, June 30th. Deutsche Bank AG upgraded shares of Kinross Gold Corp. from a “sell” rating to a “hold” rating and upped their price target for the company from $3.10 to $4.50 in a report on Wednesday, July 6th. Finally, Jefferies Group upgraded shares of Kinross Gold Corp. from an “underperform” rating to a “hold” rating and set a $6.00 price target for the company in a report on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $4.79.
The company’s market cap is $6.57 billion. The firm’s 50-day moving average is $5.19 and its 200 day moving average is $4.08.
Kinross Gold Corp. (NYSE:KGC) last announced its quarterly earnings data on Wednesday, July 27th. The mining company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by $0.02. The firm had revenue of $876.40 million for the quarter, compared to the consensus estimate of $841.98 million. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the business posted ($0.01) earnings per share. On average, equities research analysts predict that Kinross Gold Corp. will post $0.10 EPS for the current fiscal year.
An institutional investor recently raised its position in Kinross Gold Corp. stock. State of Wisconsin Investment Board raised its stake in shares of Kinross Gold Corp. (NYSE:KGC) by 69.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 995,784 shares of the mining company’s stock after buying an additional 408,900 shares during the period. State of Wisconsin Investment Board owned 0.09% of Kinross Gold Corp. worth $1,799,000 at the end of the most recent 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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