Kinross Gold Corporation Target of Unusually Large Options Trading (KGC)
Kinross Gold Corporation (NYSE:KGC) (TSE:K) was the target of some unusual options trading on Tuesday. Stock traders purchased 12,822 put options on the stock. This represents an increase of 1,580% compared to the average daily volume of 763 put options.
Several research firms recently issued reports on KGC. BidaskClub downgraded Kinross Gold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. TD Securities boosted their price target on Kinross Gold Corporation from $5.50 to $6.00 and gave the company an “action list buy” rating in a research note on Thursday, August 3rd. National Bank Financial restated a “sector perform market weight” rating on shares of Kinross Gold Corporation in a research note on Thursday, August 3rd. Royal Bank Of Canada restated an “outperform” rating on shares of Kinross Gold Corporation in a research note on Thursday. Finally, ValuEngine upgraded Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.17.
Kinross Gold Corporation (NYSE:KGC) opened at 4.89 on Friday. The firm has a 50-day moving average price of $4.28 and a 200 day moving average price of $3.94. The firm has a market capitalization of $6.10 billion, a PE ratio of 116.43 and a beta of 0.18. Kinross Gold Corporation has a one year low of $2.88 and a one year high of $4.91.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Wednesday, August 2nd. The mining company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The firm had revenue of $868.60 million during the quarter, compared to analyst estimates of $825.02 million. During the same period last year, the company earned ($0.01) earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Analysts anticipate that Kinross Gold Corporation will post $0.10 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. State of Wisconsin Investment Board boosted its holdings in shares of Kinross Gold Corporation by 2.4% in the second quarter. State of Wisconsin Investment Board now owns 1,350,184 shares of the mining company’s stock worth $5,479,000 after acquiring an additional 31,400 shares during the period. FMR LLC boosted its holdings in shares of Kinross Gold Corporation by 18.7% in the first quarter. FMR LLC now owns 3,643,767 shares of the mining company’s stock worth $12,851,000 after acquiring an additional 573,328 shares during the period. Contrarius Investment Management Ltd boosted its holdings in shares of Kinross Gold Corporation by 4.0% in the second quarter. Contrarius Investment Management Ltd now owns 16,214,176 shares of the mining company’s stock worth $65,992,000 after acquiring an additional 626,077 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Kinross Gold Corporation by 15.1% in the first quarter. Wells Fargo & Company MN now owns 91,788 shares of the mining company’s stock worth $322,000 after acquiring an additional 12,016 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of Kinross Gold Corporation in the first quarter worth $235,000. 59.56% of the stock is owned by hedge funds and other institutional investors.
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Kinross Gold Corporation Company Profile
Kinross Gold Corporation is a gold mining company. 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. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
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