Kinross Gold Corporation (NYSE:KGC) from Gold - Todays Top Gains
- Author: Zachary Reyes May 04, 2017,
May 04, 2017, 20:23
The stock had a trading volume of 12,431,998 shares.
The mining company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The stock has earnings growth of -762.10% yoy and showed a low EPS growth of -35.80% over the past five years.
A number of analysts have weighed in on the company. Stock traders purchased 42,312 put options on the company.
After a day of heavy trading, with more than triple average volumes, shares in Kinross finished the day up 10.68% on the Toronto main board. Kinross Gold had a positive return on equity of 1.23% and a negative net margin of 26.82%. Sales growth in the quarter for Kinross Gold Corporation Gold NYSE shows a value of 27.80% with Outstanding shares of 1210.8. As gold prices fell and costs remained high, Kinross had to write down most of the asset's value.
KGC says Q1 gold equivalent ounces sold fell 1.7% to ~652.5K gold equiv. oz. from 664K oz.in the year-ago quarter, primarily due to lower output at Kupol in Russian Federation and the timing of sales at Maricunga in Chile, where mining and crushing activities were suspended due to water curtailment orders; the average gold price realized rose to $1,220/oz. from $1,179/oz. a year ago. (NYSE:KGC) opened at 3.36 on Wednesday. Jefferies Group also issued estimates for Kinross Gold's FY2017 earnings at $0.07 EPS and FY2018 earnings at $0.16 EPS. The Stock now has a Weekly Volatility of 3.98% and Monthly Volatility of 3.69%. Kinross Gold has a 1-year low of $2.88 and a 1-year high of $5.81. Chelsea Counsel Co. now owns 65,593 shares of the mining company's stock worth $276,000 after buying an additional 181 shares in the last quarter.
COPYRIGHT VIOLATION NOTICE: "Credit Suisse Group AG Reaffirms Hold Rating for Kinross Gold Co". The stock had previously closed at $3.36.
KGC "had a very strong production quarter, clearly alleviating market concerns about the company's performance, if there were any", BMO analyst Andrew Kaip says. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Kinross Gold by 0.3% in the first quarter. The stock has a 50 day moving average price of $3.55 and a 200-day moving average price of $3.56. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright law. Advisor Group Inc. raised its position in shares of Kinross Gold by 2.2% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 193,250 shares of the mining company's stock worth $681,000 after buying an additional 600 shares in the last quarter. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/05/04/kinross-gold-co-forecasted-to-post-q1-2017-earnings-of-0-00-per-share-kgc-updated.html. Creative Planning now owns 38,921 shares of the mining company's stock worth $137,000 after buying an additional 11,643 shares during the period. Can boosted its position in Kinross Gold by 76.3% in the first quarter.
The sale of non-core assets and "excellent" progress at key development projects provided the icing on an already tasty March-quarter cake for Kinross Gold (CN:KGC).
Improved operating performance at the Fort Knox, Round Mountain, Bald Mountain and Tasiast mines, due to higher mill grades and tonnes of ore placed on the pads, only partially offset poor operating performance at Paracatu, Maricunga and Kupol.