Economy

Earnings Analysis Of Kinross Gold Corporation (KGC)

Earnings Analysis Of Kinross Gold Corporation (KGC)

The legal version of this piece of content can be read at https://transcriptdaily.com/2017/05/10/kinross-gold-co-kgc-expected-to-post-earnings-of-0-01-per-share.html. (NYSE:KGC) (TSE:K) in a research note released on Tuesday. Scotiabank now has a C$4.00 target price on the stock.

The consensus recommendation, according to Zacks Investment research, is 2.36.

RBC Capital Markets gave shares of Kinross Gold a price target of 4.75 indicating a potential increase of 21.33% from Kinross Gold's current price of 3.92.

Kinross Gold Corporation (KGC) belongs to the "Basic Materials" sector with an industry focus on "Gold", with Mr. J. Paul Rollinson as Chief Exec. Officer, Pres and Non-Independent Director.

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Kinross Gold (KGC +4%) is boosted to an Action List Buy at TD Securities in anticipation of several company specific catalysts in the next 6-12 months. Relative volume is ratio between current volume and 3-month average value, intraday adjusted. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Credit Suisse Group AG reaffirmed a "hold" rating and issued a $5.00 target price on shares of Kinross Gold in a research report on Thursday, April 27th. Kinross Gold Corporation (USA) (NYSE:KGC) has declined 9.50% since September 30, 2016 and is downtrending.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. On the other hand, such growth rates in EPS are more consistent in case of "matured companies" which has experienced a whole economic cycle of expansion and contraction, through a bear market phase along with a bull run.

Kinross Gold (NYSE:KGC) last announced its earnings results on Tuesday, May 2nd. Cormark analyst R. Gray now forecasts that the company will earn $0.04 per share for the quarter, up from their prior estimate of $0.01. The company had revenue of $796.10 million for the quarter, compared to the consensus estimate of $790.06 million. Likewise, the negative performance for the quarter was recorded as -1.41% and for the year was 13.20%, while the YTD performance remained at -3.96%. Finally, Scotiabank reiterated a "sector perform" rating and issued a C$4.00 price objective on shares of Kinross Gold in a report on Friday, May 5th.

This piece of content was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright laws. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".

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11/22/2016 - Kinross Gold Corporation was downgraded to "neutral" by analysts at Bank of America Merrill Lynch. Contrarius Investment Management Ltd boosted its stake in shares of Kinross Gold by 63.8% in the first quarter.

09/07/2016 - Berenberg Bank began new coverage on Kinross Gold Corporation giving the company a "hold" rating.

Kinross Gold Corporation is a gold mining company.

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