Kinross Gold Corp Coverage Initiated by Analysts at Goldman Sachs Group Inc. (KGC)
Goldman Sachs Group Inc. assumed coverage on shares of Kinross Gold Corp (NYSE:KGC) in a research note issued on Friday, AnalystRatings.Net reports. The firm set a “sell” rating on the stock.
Shares of Kinross Gold Corp (NYSE:KGC) opened at 5.55 on Friday. Kinross Gold Corp has a 52 week low of $4.53 and a 52 week high of $11.20. The stock has a 50-day moving average of $5.45 and a 200-day moving average of $5.8. The company’s market cap is $6.341 billion.
Kinross Gold Corp (NYSE:KGC) last released its earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $968.00 million for the quarter, compared to the consensus estimate of $929.64 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts predict that Kinross Gold Corp will post $0.32 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on KGC. Analysts at Zacks reiterated a “neutral” rating on shares of Kinross Gold Corp (NYSE:KGC) in a research note to investors on Monday, August 26th. They now have a $6.25 price target on the stock. Separately, analysts at CIBC upgraded shares of Kinross Gold Corp (NYSE:KGC) from an “underperform” rating to a “sector perform” rating in a research note to investors on Tuesday, August 6th. They now have a $6.50 price target on the stock, up previously from $5.50. Finally, analysts at BMO Capital Markets downgraded shares of Kinross Gold Corp (NYSE:KGC) from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, July 15th. They now have a $6.00 price target on the stock, down previously from $8.50.
Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.16.
Kinross Gold Corporation (NYSE:KGC) 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.