Kinross Gold Corp. (KGC) Sees Strong Trading Volume
Kinross Gold Corp. (NYSE:KGC) saw unusually-strong trading volume on Wednesday . Approximately 27,591,417 shares were traded during trading, an increase of 56% from the previous session’s volume of 17,733,412 shares.The stock last traded at $4.22 and had previously closed at $4.72.
A number of equities research analysts have recently weighed in on KGC shares. BMO Capital Markets restated a “buy” rating and set a $6.50 price target on shares of Kinross Gold Corp. in a research note on Thursday, July 28th. Zacks Investment Research upgraded Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Thursday, August 4th. HSBC restated a “buy” rating on shares of Kinross Gold Corp. in a research note on Thursday, July 7th. Vetr upgraded Kinross Gold Corp. from a “buy” rating to a “strong-buy” rating and set a $5.63 price target on the stock in a research note on Monday. Finally, Goldman Sachs Group Inc. upgraded Kinross Gold Corp. from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $2.10 to $5.30 in a research note on Wednesday, May 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Kinross Gold Corp. has an average rating of “Buy” and an average target price of $4.79.
The company’s 50-day moving average is $5.19 and its 200-day moving average is $4.41. The stock’s market capitalization is $5.27 billion.
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 analysts’ consensus estimates of $0.01 by $0.02. The firm earned $876.40 million during the quarter, compared to the consensus estimate of $841.98 million. The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) EPS. On average, analysts predict that Kinross Gold Corp. will post $0.10 earnings per share for the current year.
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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