23 May, 2017
04/18/2017 - Kinross Gold Corporation had its "hold" rating reiterated by analysts at Jefferies.
Kinross Gold (NYSE:KGC) last released its earnings results on Tuesday, May 2nd. The institutional investor owned 779,779 shares of the mining company's stock after buying an additional 268,802 shares during the period. Creative Planning's holdings in Kinross Gold were worth $137,000 as of its most recent SEC filing. The company was able to keep return on investment at -0.10% in the last twelve months. Finally, Karp Capital Management Corp purchased a new position in Kinross Gold during the first quarter valued at about $235,000. Chelsea Counsel Co. boosted its stake in Kinross Gold by 0.3% in the third quarter. 6,542,184 shares of the stock were exchanged. The stock's market capitalization is 5.30B.
All things being equal, stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates. (NYSE:KGC) opened at 4.25 on Friday. If we take a long term observation, shares have been trading at a distance of 11.80% from the 200-day moving average.
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 also saw unusually large options trading activity on Thursday.
Liquidity ratios helps investors to determine a company's ability to pay off its debts. This represents an increase of approximately 1,007% compared to the average volume of 8,758 put options.
Kinross Gold Corporation closed its last trading session at $4.21 with the gain of 0.95%. The mining company reported $0.02 EPS for the quarter, beating the Zacks' consensus estimate of $0.01 by $0.01.
Analysts are also projecting an Average Revenue Estimate for Kinross Gold Corporation as $5000 in the Current Quarter. The SI to Kinross Gold Corporation's float is 1.46%. The firm's revenue for the quarter was up 1.7% compared to the same quarter a year ago.
In Gold Industry, Kinross Gold Corporation (KGC) have 1.24 billion outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.
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A number of research firms have commented on KGC. Deutsche Bank AG decreased their price objective on Kinross Gold from $4.00 to $3.80 and set a "hold" rating on the stock in a report on Tuesday, March 21st. Scotiabank set a $4.00 price target on shares of Kinross Gold and gave the company a "sector perform" rating in a research note on Thursday, May 4th. Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). CIBC raised Kinross Gold from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, May 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $4.75 price target (up from $4.25) on shares of Kinross Gold in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company.
Analysts on average have given a price target of $4.45 to Kinross Gold Corporation (KGC) stock.
Kinross Gold Corporation P/E (price to earnings) ratio is 0 and Forward P/E ratio of 38.29.
