Kinross Gold Corporation (KGC) closed at $4.21 in the last trading session

Author

27 May, 2017

Now the shares of Kinross Gold Corporation (KGC) has the trading volume of 19.53 Million shares with the average trading volume of 14170 shares. Berenberg Bank reiterated a hold rating and issued a $4.60 price target on shares of Kinross Gold in a report on Wednesday, February 15th.

A number of large investors have recently modified their holdings of the company. The Company has 52-week high of $5.81 and 52-week low of $2.88. The firm had revenue of $796.10 million during the quarter, compared to analyst estimates of $790.06 million.

According to 5 analysts, Kinross Gold Corporation (USA) (NYSE:KGC)'s revenue estimates for the current quarter are $813.56M meanwhile the company has high revenue estimates of $868.59M in contradiction of low revenue estimates of $777.85M. The analysts estimated EPS for the higher end at 0.03 and lower end at -0.02 while the year ago reported earnings per share was 0.02.

Currently Kinross Gold Corp (NYSE:KGC)'s shares owned by insiders are 0%, whereas shares owned by institutional owners are 69.9%. The Manufacturers Life Insurance Company purchased a new position in shares of Kinross Gold during the third quarter worth $24,778,000.

ILLEGAL ACTIVITY WARNING: This article was first published by BBNS and is the sole property of of BBNS. Jane Street Group LLC raised its stake in shares of Kinross Gold by 1,376.6% in the first quarter.

On Tuesday, Shares of Target Corporation (NYSE:TGT) lost -1.48% to $54.53.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.33 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. Acrospire Investment Management LLC raised its stake in shares of Kinross Gold by 101.9% in the third quarter. Comparatively, Kinross Gold Corporation posted earnings of $0.02 per share in the same quarter a year ago.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, KGC earned gross profit of 620.4 Million, in 2015 319.7 Million gross profit, while in 2016 Kinross Gold Corporation (KGC) produced 633.2 Million profit.

Kinross Gold Corporation shares increased 9.45 percent over the past week and rose 9.74 percent over the previous month. The stock's price moved up its 200-day moving average of $3.56. Investors measure stock performance on the basis of a company's earnings power.

5 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 839.83 million while high and low sale targets are estimated at 901.46 million and 756.7 million respectively. The Market Capitalization of the company stands at 5.15 Billion.

On the other hand the company has Relative Strength Index (RSI 14) of 68.16 along with Average True Range (ATR 14) of 0.17, Consequently Kinross Gold Corp (NYSE:KGC)'s weekly and monthly volatility is 3.58%, 4.18% respectively.

Annual Dividend Yield of Kinross Gold Corporation (KGC) stands at 0%. The stock is presently trading up its SMA-50 of $3.68. If you are reading this article on another website, it was stolen and republished in violation of worldwide copyright laws. The legal version of this report can be accessed at https://www.themarketsdaily.com/2017/05/15/kinross-gold-kgc-receives-daily-news-sentiment-score-of-0-36.html. ING Groep NV bought a new position in Kinross Gold during the fourth quarter worth about $227,000. Acrospire Investment Management LLC now owns 31,900 shares of the mining company's stock valued at $134,000 after buying an additional 16,100 shares in the last quarter. 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. The Company's segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.


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