Kinross Gold Corp. (KGC) Trading Up 2.8%
Kinross Gold Corp. (NYSE:KGC)’s share price was up 2.8% on Thursday . The company traded as high as $4.39 and last traded at $4.35, with a volume of 8,126,682 shares traded. The stock had previously closed at $4.23.
Several research firms have recently commented on KGC. TD Securities reaffirmed a “buy” rating and issued a $6.50 target price (up previously from $6.00) on shares of Kinross Gold Corp. in a research report on Friday, May 13th. Canaccord Genuity raised Kinross Gold Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, May 26th. HSBC reaffirmed a “buy” rating on shares of Kinross Gold Corp. in a research report on Thursday, July 7th. Zacks Investment Research raised Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Tuesday, July 12th. Finally, Vetr raised 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. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Kinross Gold Corp. currently has an average rating of “Buy” and an average target price of $4.94.
The company’s 50-day moving average price is $5.12 and its 200 day moving average price is $4.43. The stock’s market capitalization is $5.35 billion.
Kinross Gold Corp. (NYSE:KGC) last posted its quarterly earnings results on Wednesday, July 27th. The mining company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The company had revenue of $876.40 million for the quarter, compared to the consensus estimate of $841.98 million. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.