Citigroup Upgrades Rating On Kinross Gold Corporation (KGC) To "Neutral"

Kinross Gold
Analysts Recommendation on Kinross Gold Corp (KGC)
Author

03 September, 2017

However the company reported $0.1 earnings per share for the same quarter during past year. Going toward to the 50-day, we can see that shares are now trading 10.12% off of that figure. Air Products & Chemicals, Inc. It has underperformed by 26.28% the S&P500.

In recent trade, Kinross Gold Corporation (NYSE:KGC) fell of -0.91% and traded at $4.37 with the total traded volume of 13.43 Million shares in latest trading session. Barclays Public Ltd Com reported 0% stake. We have $4.19 PT which if reached, will make NYSE:KGC worth $392.70M less. About 5.92M shares traded. It has underperformed by 30.49% the S&P500.The move comes after 6 months negative chart setup for the $5.61B company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock of Air Products & Chemicals, Inc. (NYSE:APD) on Thursday, September 17 with "Positive" rating. (NYSE:APD) on Wednesday, August 2 with "Hold" rating. Finally, Raymond James Financial, Inc. reaffirmed an "ourperform" rating and set a $6.00 price target on shares of Kinross Gold Corporation in a report on Thursday, June 15th. A rating of 4 or 5 would indicate a consensus Sell.

Investors sentiment increased to 1 in 2016 Q4. Its up 0.05, from 1.12 in 2016Q3.

Large investors have recently modified their holdings of the company. 22 funds opened positions while 43 raised stakes. 187.27 million shares or 4.62% more from 179.01 million shares in 2016Q3 were reported. On average, analysts anticipate that Kinross Gold Corporation will post $0.10 earnings per share for the current year. Susquehanna Intl Group Incorporated Limited Liability Partnership reported 79,616 shares. Fisher Asset holds 0% or 169,856 shares. Voya Invest Mgmt Lc has 0.02% invested in NeoPhotonics Corp (NYSE:NPTN) for 770,317 shares. 1492 Management Lc holds 0.44% or 52,814 shares. Princeton Incorporated accumulated 62,572 shares. Monetary Management Group has invested 0.03% in Air Products & Chemicals, Inc. Therefore 41% are positive. Kinross Gold Corporation had 51 analyst reports since July 24, 2015 according to SRatingsIntel. Kinross Gold Corporation now has an average rating of "Hold" and an average target price of $5.03. Goldman Sachs upgraded it to "Neutral" rating and $5.30 target in Wednesday, May 11 report.

For the Current Quarter, the growth estimate for Kinross Gold Corporation is -80%, while for the Next Quarter the stock growth estimate is 175%. The company has 1.25 Billion shares outstanding and 1.25 Billion shares were floated in market. The firm has "Equal Weight" rating given on Friday, February 12 by Barclays Capital.

5 year sales growth rate is an important factor for valuation analysis, the industry's and the sector's growth for next 5 years ticked at -3.08 and -8.45 respectively. On Tuesday, November 24 the stock rating was upgraded by RBC Capital Markets to "Sector Perform". As per Monday, March 7, the company rating was maintained by BMO Capital Markets. The stock has "Buy" rating by Bank of America on Friday, March 11. Jefferies maintained Kinross Gold Corporation (USA) (NYSE:KGC) rating on Friday, July 14. The firm has "Hold" rating given on Tuesday, May 3 by Canaccord Genuity.

Kinross Gold Corporation has a consensus hold rating from 21 Wall Street analysts, and the number of shares now sold short amount to at least 0.6% of shares outstanding.

Kinross Gold Corporation now has a P/E ratio of 108.57 and market capitalization is 5.69B. The Company is involved 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 stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 104.05. The Company's divisions include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.


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