ValuEngine Downgrades Kinross Gold Co
- Author: Zachary Reyes Jun 07, 2017,
Jun 07, 2017, 16:29
The expected KGC's profit could reach $12.29M giving the stock 106.00 P/E in the case that $0.01 earnings per share is reported. Zacks Investment Research lowered Kinross Gold from a hold rating to a sell rating in a research report on Thursday, February 9th. Jefferies Group LLC lifted their target price on Kinross Gold from $3.50 to $4.00 and gave the company a "hold" rating in a research note on Wednesday, April 19th. Deutsche Bank AG decreased their price target on Kinross Gold from $4.00 to $3.80 and set a "hold" rating for the company in a research note on Tuesday, March 21st.
While looking at the Stock's Performance, Kinross Gold Corporation now shows a Weekly Performance of 0.47%, where Monthly Performance is 17.78%, Quarterly performance is 28.1%, 6 Months performance is 28.1% and yearly performance percentage is -14.69%.
Kinross Gold (NYSE:KGC) last announced its earnings results on Tuesday, May 2nd. The company's stock had a trading volume of 22,619,252 shares. Odey Asset Management Group Ltd who had been investing in Kinross Gold Corp for a number of months, seems to be less bullish one the $5.21B market cap company. The share price has moved forward from its 20 days moving average, trading at a distance of 16.03% and stays -31.85% away from its 50 days moving average. The stock's market capitalization is $5.37 billion.
Analysts await Kinross Gold Corporation (USA) (NYSE:KGC) to report earnings on July, 26. The mining company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.01.
Kinross Gold Corp (NYSE:KGC)'s trailing twelve month revenues are $3.49 Billion, whereas its price to sales ratio for the same period is 1.54. The business had revenue of $796.10 million during the quarter, compared to the consensus estimate of $790.06 million. The company's quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts forecast that Kinross Gold will post $0.06 earnings per share for the current fiscal year. If you are accessing this article on another domain, it was stolen and reposted in violation of global copyright & trademark law. The legal version of this news story can be viewed at https://www.com-unik.info/2017/06/06/valuengine-downgrades-kinross-gold-co-k-to-sell-updated-updated.html.
A number of hedge funds have recently added to or reduced their stakes in KGC. Candriam Luxembourg S.C.A. now owns 2,226,232 shares of the mining company's stock worth $9,367,000 after buying an additional 1,302,119 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Kinross Gold by 11.6% in the fourth quarter. Creative Planning now owns 38,921 shares of the mining company's stock valued at $137,000 after buying an additional 11,643 shares during the last quarter. Investec Asset Management LTD increased its stake in shares of Kinross Gold by 3.4% in the fourth quarter. United Services Automobile Association increased its stake in shares of Kinross Gold by 0.3% in the third quarter. More interesting news about Kinross Gold Corporation (USA) (NYSE:KGC) were released by: Fool.ca and their article: "Barrick Gold Corp. or Kinross Gold Corporation: Which Is the Better Buy Right Now?" published on October 18, 2016 as well as Fool.ca's news article titled: "Is Kinross Gold Corporation or Goldcorp Inc". Chelsea Counsel Co. now owns 65,593 shares of the mining company's stock worth $276,000 after buying an additional 181 shares during the last quarter.
Kinross Gold Corporation (KGC) belongs to the "Basic Materials" sector with an industry focus on "Gold", with Mr. J. Paul Rollinson as Chief Exec. Officer, Pres and Non-Independent Director. 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.