Kinross Gold Corp Coverage Initiated by Analysts at Canaccord Genuity (KGC)
Research analysts at Canaccord Genuity assumed coverage on shares of Kinross Gold Corp (NYSE:KGC) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Shares of Kinross Gold Corp (NYSE:KGC) traded up 2.39% on Thursday, hitting $5.089. The stock had a trading volume of 4,997,428 shares. Kinross Gold Corp has a 1-year low of $4.53 and a 1-year high of $11.20. The stock has a 50-day moving average of $5.4 and a 200-day moving average of $5.96. The company’s market cap is $5.814 billion.
Kinross Gold Corp (NYSE:KGC) last released its earnings data on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts predict that Kinross Gold Corp will post $0.31 earnings per share for the current fiscal year.
KGC has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Kinross Gold Corp in a research note to investors on Friday, September 20th. They set a “sell” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kinross Gold Corp in a research note to investors on Monday, August 26th. They now have a $6.25 price target on the stock. Finally, analysts at CIBC upgraded shares of Kinross Gold Corp 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The company presently 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.
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