Kinross Gold Corp. (KGC) Trading Down 2.4%
Kinross Gold Corp. (NYSE:KGC) dropped 2.4% during mid-day trading on Thursday . The stock traded as low as $5.26 and last traded at $5.28, with a volume of 16,619,262 shares trading hands. The stock had previously closed at $5.41.
KGC has been the topic of several research analyst reports. TD Securities reiterated a “buy” rating and issued a $6.50 price objective (up previously from $6.00) on shares of Kinross Gold Corp. in a report on Friday, May 13th. Zacks Investment Research upgraded Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a report on Wednesday, April 20th. Canaccord Genuity upgraded Kinross Gold Corp. from a “hold” rating to a “buy” rating in a report on Thursday, May 26th. HSBC reiterated a “buy” rating on shares of Kinross Gold Corp. in a report on Thursday, July 7th. Finally, Vetr upgraded Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $5.70 price objective on the stock in a report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. Kinross Gold Corp. has a consensus rating of “Hold” and a consensus price target of $4.79.
The company’s 50 day moving average is $5.25 and its 200-day moving average is $4.19. The company’s market capitalization is $6.57 billion.
Kinross Gold Corp. (NYSE:KGC) last released 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. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The business earned $876.40 million during the quarter, compared to the consensus estimate of $841.98 million. Kinross Gold Corp.’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts predict that Kinross Gold Corp. will post $0.10 earnings per share for the current year.
A hedge fund recently raised its stake in Kinross Gold Corp. stock. Bridgewater Associates LP increased its stake in shares of Kinross Gold Corp. (NYSE:KGC) by 25.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,510,800 shares of the mining company’s stock after buying an additional 308,000 shares during the period. Bridgewater Associates LP owned 0.13% of Kinross Gold Corp. worth $2,730,000 at the end of the most recent reporting period.
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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