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. The stock had previously closed at $3.99.
Several research firms have recently commented on KGC. Vetr raised shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $5.70 price target on the stock in a research report on Wednesday, July 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $7.75 price target on shares of Kinross Gold Corp. in a research report on Thursday, May 19th. TD Securities reaffirmed a “buy” rating and set a $6.50 price target (up previously from $6.00) on shares of Kinross Gold Corp. in a research report on Friday, May 13th. Deutsche Bank AG raised shares of Kinross Gold Corp. from a “sell” rating to a “hold” rating and lifted their price target for the company from $3.10 to $4.50 in a research report on Wednesday, July 6th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Kinross Gold Corp. in a research report on Wednesday, June 29th. 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 stock presently has a consensus rating of “Buy” and an average price target of $5.03.
The stock has a 50 day moving average of $4.95 and a 200-day moving average of $4.47. The stock’s market capitalization is $5.49 billion.
Kinross Gold Corp. (NYSE:KGC) last posted its quarterly earnings results on Wednesday, July 27th. The mining company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The business 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% compared to the same quarter last year. Equities analysts anticipate 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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