Economy

Brokerages Set Kinross Gold Co. (K) Price Target at $5.71

Public Sector Pension investment Board owned about 0.20% of Kinross Gold Corporation worth $10,021,000 as of its most recent SEC filing. On average, equities research analysts predict that Kinross Gold Corporation will post $0.10 earnings per share for the current year. The firm is expected to announce its next earnings report on Wednesday, November 1st. For the next year, analysts forecast that the business will post earnings of $0.15 per share, with EPS estimates ranging from $0.04 to $0.26.

Kinross Gold (K) traded up 2.45% on Friday, reaching $5.86. The mining company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Kinross Gold has a 12-month low of $3.87 and a 12-month high of $6.29. The company had revenue of $868.60 million for the quarter, compared to analysts' expectations of $825.02 million. The company now has a Return on Equity (ROE) of 1.3 and a Return on Investment (ROI) of -0.1. Kinross Gold Corporation's quarterly revenue was down.9% on a year-over-year basis.

A number of analysts have commented on the stock. ValuEngine raised shares of Kinross Gold Corporation from a "sell" rating to a "hold" rating in a research report on Friday, September 1st.

On 6/15/2017, Raymond James Financial released a statement for Kinross Gold Corporation (USA) (NYSE:KGC) bumped up the target price from $0.00 to $6.00 that suggested an upside of 0.47%.

Kinross Gold Corporation (NYSE:KGC) traded at an unexpectedly high level on 09/21/2017 when the stock experienced a -2.31% loss to a closing price of $4.23.

11/07/2016 - Kinross Gold Corporation had its "sector perform" rating reiterated by analysts at Scotiabank. The average 1-year price target among brokerages that have covered the stock in the last year is C$5.71. GSA Capital Partners LLP boosted its position in Kinross Gold Corporation by 63.1% during the second quarter. A total of 15.98 Million shares exchanged hands, whereas the company's average trading volume stands at 17.66 Million shares. FMR LLC grew its holdings in Kinross Gold Corporation by 18.7% during the first quarter. Wells Fargo & Company MN now owns 91,788 shares of the mining company's stock worth $322,000 after acquiring an additional 12,016 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Kinross Gold Corporation by 34.3% during the 1st quarter. Commonwealth Bank of Australia now owns 300,182 shares of the mining company's stock valued at $1,218,000 after acquiring an additional 57,719 shares during the last quarter. Contrarius Investment Management Ltd now owns 16,214,176 shares of the mining company's stock valued at $65,992,000 after purchasing an additional 626,077 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its holdings in Kinross Gold Corporation by 37.1% during the 1st quarter. Creative Planning now owns 44,435 shares of the mining company's stock worth $181,000 after buying an additional 5,514 shares during the last quarter. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders.

TRADEMARK VIOLATION WARNING: "Kinross Gold Corporation (KGC) Receives Average Rating of "Hold" from Brokerages" was published by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another website, it was copied illegally and reposted in violation of USA and worldwide copyright and trademark law. The legal version of this report can be viewed at https://www.truebluetribune.com/2017/09/22/brokerages-set-kinross-gold-co-k-price-target-at-5-71.html. Kinross Gold Corporation (USA) (NYSE:KGC) has declined 13.79% since September 22, 2016 and is downtrending. ADX calculations are made based on the moving average price range expansion over a specified amount of time. The stock has a market cap of $7.31 billion and a price-to-earnings ratio of 139.52. Kinross Gold Corporation has a 12 month low of $2.88 and a 12 month high of $4.74.

Following the technical signals for Kinross Gold Corp (K.TO), we have recorded the Percentage Price Oscillator Histogram line below zero. The companys gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.



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