Kinross Gold Corp. (KGC) Shares Up 3.5%
Kinross Gold Corp. (NYSE:KGC) shares shot up 3.5% on Thursday . The company traded as high as $4.14 and last traded at $4.13, with a volume of 13,388,971 shares trading hands. The stock had previously closed at $3.99.
A number of research firms recently weighed in on KGC. HSBC restated a “buy” rating on shares of Kinross Gold Corp. in a research note on Thursday, July 7th. Deutsche Bank AG upgraded shares of Kinross Gold Corp. from a “sell” rating to a “hold” rating and boosted their price target for the stock from $3.10 to $4.50 in a research note on Wednesday, July 6th. Barclays PLC reiterated a “hold” rating on shares of Kinross Gold Corp. in a research note on Wednesday, July 6th. Zacks Investment Research upgraded shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Tuesday, July 12th. Finally, Vetr upgraded shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $5.70 target price on the stock in a research report on Wednesday, July 13th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $4.86.
The stock’s 50 day moving average is $5.02 and its 200 day moving average is $4.47. The company’s market cap is $5.20 billion.
Kinross Gold Corp. (NYSE:KGC) last released its quarterly earnings results 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 company had revenue of $876.40 million for the quarter, compared to analysts’ expectations of $841.98 million. During the same period last year, the business posted ($0.01) EPS. Kinross Gold Corp.’s revenue was up 16.0% compared to the same quarter last year. Equities research analysts forecast that Kinross Gold Corp. will post $0.10 EPS 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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