Economy

What Do Analysts Suggest For Kinross Gold Corporation (KGC)

Investors are feeling more bearish on Kinross Gold Corporation lately as indicated by the uptick in short interest.

The Relative Volume of the company is 1.39 and Average Volume (3 months) is 10.72 million. Over the last five days, shares have faced -3% losses and now is up 17.75% since hitting its 200-day moving average of $4. The company's P/E (price to earnings) ratio is 107.86 and Forward P/E ratio of 36.83.

Kinross Gold (KGC) said Monday it's pressing ahead with the second phase of expansion at its Tasiast mine in Mauritania, which will operate at low costs, and is expected to have a long mine life that and generate significant cash flow. National Bank Financial reiterated a "sector perform market weight" recommendation on stocks of Kinross Gold in a note on Thurs, Aug 3rd. For the next 5 years, Kinross Gold Corporation is expecting Growth of -41.52% per annum, whereas in the past 5 years the growth was -28.91% per annum. 1 expert has recommended the share with a sell recommendation, 1 has given a hold recommendation, four have issued a buy recommendation and 1 has given a strong buy recommendation to The corporation. TD Securities reissued a buy rating and issued a $5.50 price objective (up from $5.00) on shares of Kinross Gold Corporation in a report on Thursday, May 4th. Its last month's stock price volatility remained 9.58% which for the week approaches 5.98%. The total value of its holdings increased 2,171.1%. On average, equities research analysts forecast that Kinross Gold Corporation will post $0.10 earnings per share for the current fiscal year.

Kinross Gold Corporation has a consensus outperform rating from 21 Wall Street analysts, and the number of shares now sold short amount to at least 0.85% of shares outstanding. The mining company reported $0.04 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.02 by $0.02.

While considering growth estimates of the company, it has next quarter growth estimates of 175% whereas during current quarter it has -80% estimations over growth, comparing to the estimations of 25% during current year and 20% for next year. The stock spiked 3.66% last month and is up 45.66 this year. Vanguard Group Inc controls 303,035 shares valued at $1,233,000.

The American depositary shares fell 2% on Monday morning. FMR LLC lifted its holdings in shares of Kinross Gold Corporation by 18.7% in the first quarter. Wall Street analysts covering the stock are projecting that the stock will reach $5.17 within the next 52-weeks. Manufacturers Life Insurance Company, The now controls 3,874,227 shares worth $15,716,000. 12,636,402 shares have changed hands.

Kinross Gold Corporation is a gold mining company. 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.



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