Zacks Reiterates “Neutral” Rating for Kinross Gold (KGC)
Kinross Gold (NYSE:KGC)‘s stock had its “neutral” rating restated by Zacks in a report released on Friday. They currently have a $4.25 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 7.59% from the company’s current price.
Shares of Kinross Gold (NYSE:KGC) remained flat at $3.95 during trading on Friday. The stock had a trading volume of 3,576,012 shares. Kinross Gold has a 52 week low of $3.66 and a 52 week high of $6.12. The stock has a 50-day moving average of $4.09 and a 200-day moving average of $4.31. The company’s market cap is $4.520 billion.
Kinross Gold (NYSE:KGC) last released its earnings data on Wednesday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $911.90 million for the quarter, compared to the consensus estimate of $843.59 million. During the same quarter last year, the company posted $0.10 earnings per share. Kinross Gold’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that Kinross Gold will post $0.16 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on KGC. Analysts at CIBC cut their price target on shares of Kinross Gold from $6.50 to $5.50 in a research note on Friday, August 8th. Separately, analysts at Mackie upgraded shares of Kinross Gold from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. They now have a C$6.00 price target on the stock, down previously from C$6.25. Finally, analysts at RBC Capital cut their price target on shares of Kinross Gold from $5.75 to $5.50 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Kinross Gold has an average rating of “Hold” and a consensus target price of $5.17.
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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