Economy

Average Brokerage Recommendation for Kinross Gold Corporation (KGC)

Kinross Gold (TSE K) traded down C$0.07 during trading hours on Friday, hitting C$5.46. The first sale was made at $3.99 but later the stock became weaker, and closed with a fall of -4.29%. Kinross Gold Corporation earned a daily sentiment score of 0.20 on Accern's scale. Its book value per share for the most recent quarter is $3.47 while its price to book ratio for the same period is 1.26, as for as the company's cash per share for the most recent quarter is $0.85, however its price to cash per share ratio for the same period is 5.15. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. When looking at the past five sessions, the stock returned -0.79% losses and is down by -67.95% compared with its 200-day moving average of $9.7.

In other news, insider Claude J.S. Schimper sold 18,000 shares of Kinross Gold stock in a transaction dated Wednesday, September 27th. Kinross Gold has a 52-week low of C$3.87 and a 52-week high of C$6.29. Royal Bank Of Canada reissued an "outperform" rating on shares of Kinross Gold Corporation in a research note on Thursday, September 7th.

Kinross Gold Corporation (NYSE:KGC) received a Buy rating from 5 analysts.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 8.84%, and has a solid year to date (YTD) performance of 40.51% which means that the stock is constantly adding to its value from the previous fiscal year end price. Analysts have a mean recommendation of 2.40 on this stock. The consensus mean EPS for the current quarter is at $0.02 derived from a total of 14 estimates from the analysts who have weighed in on projected earnings. Currently, Kinross Gold Corporation (NYSE:KGC) has an average volume of 9.63 Million. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Kinross Gold Corporation by 6.3% in the 2nd quarter. As traders, we are more interested to take part in strong moves and don't join moves that show weakness - or we may even watch for an entry in the opposite direction of a weak move. GSA Capital Partners LLP boosted its holdings in shares of Kinross Gold Corporation by 63.1% in the 2nd quarter. The shares went down by -39.55% in value last month. Finally, BidaskClub upgraded shares of Kinross Gold Corporation from a "sell" rating to a "hold" rating in a research report on Friday, August 18th. IFP Advisors Inc now owns 38,769 shares of the mining company's stock valued at $158,000 after buying an additional 7,000 shares during the last quarter.

Kinross Gold Corporation (KGC) stock was most active stock of Wall Street Market on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.17 and a quick ratio of 2.37.

TRADEMARK VIOLATION NOTICE: "Kinross Gold Corporation (KGC) Shares Gap Up After Earnings Beat" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark law. 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.



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