Kinross Gold Corp. (KGC) Stock Price Up 2.8%
Kinross Gold Corp. (NYSE:KGC)’s share price rose 2.8% during trading on Thursday . The stock traded as high as $4.39 and last traded at $4.35, with a volume of 8,126,682 shares trading hands. The stock had previously closed at $4.23.
KGC has been the subject of several recent analyst reports. Citigroup Inc. initiated coverage on shares of Kinross Gold Corp. in a research note on Tuesday, August 2nd. They set a “neutral” rating and a $5.50 price objective for the company. Vetr raised shares of Kinross Gold Corp. from a “buy” rating to a “strong-buy” rating and set a $5.63 price target for the company in a research note on Monday. BMO Capital Markets reissued a “buy” rating and issued a $6.50 price target on shares of Kinross Gold Corp. in a research note on Thursday, July 28th. Royal Bank Of Canada reissued an “outperform” rating on shares of Kinross Gold Corp. in a research note on Thursday, June 30th. Finally, Zacks Investment Research raised shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Thursday, August 4th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $4.94.
The company’s market capitalization is $5.40 billion. The company has a 50-day moving average of $5.19 and a 200 day moving average of $4.41.
Kinross Gold Corp. (NYSE:KGC) last announced its quarterly earnings data on Wednesday, July 27th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. During the same period in the prior year, the business posted ($0.01) earnings per share. The business had revenue of $876.40 million for the quarter, compared to analyst estimates of $841.98 million. Kinross Gold Corp.’s quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts predict that Kinross Gold Corp. will post $0.10 earnings per share for the current fiscal 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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