Kinross Gold Corp (KGC): Stock to Follow

A number of other institutional investors have also recently added to or reduced their stakes in KGC. 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. Furthermore on 12/19/16 BMO Capital “Downgrades” the stock to Market Perform at $0.

In terms of Buy, Sell or Hold recommendations, Kinross Gold Corp (NYSE:KGC) has analysts’ mean recommendation of 2.4.

Many technical traders will be taking a look at different indicators to help figure out where shares may be heading. The value of the company’s investment in Kinross Gold Corporation increased from $1,109,000 to $1,233,000 a change of 11.2% quarter to quarter.

The stock last traded at $4.70 which is just over $4.33, the 50 day moving average and which is well above the 200 day moving average of $3.97. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 112.38 and a beta of 0.18. Kinross Gold Corporation (USA) (NYSE:KGC) has declined 13.79% since September 14, 2016 and is downtrending. The mining company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02.

Kinross Gold Corp (NYSE:KGC)’s revenue estimates for the current quarter are $823.6 Million according to 5 number of analysts, for the current quarter the company has high revenue estimates of $868 Million in contradiction of low revenue estimates of $763.98 Million. The firm’s quarterly revenue was down.9% on a year-over-year basis. Parkwood Limited Company holds 10,231 shares or 0.02% of its portfolio. Also, the current price highlights a discount of 0.57% to analysts’ high consensus price target.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another website, it was illegally copied and republished in violation of U.S. and global copyright legislation. RBC Capital Markets maintained Kinross Gold Corporation (USA) (NYSE:KGC) on Tuesday, July 18 with “Buy” rating. Vulcan Materials Company had 24 analyst reports since August 6, 2015 according to SRatingsIntel. Past 5 years growth of Kinross Gold Corp (NYSE:KGC) observed at -28.91%, looking forward for the next 5 years it has a strong prediction of -41.52% over growth. The institutional investor held 1.50 million shares of the precious metals company at the end of 2016Q4, valued at $4.66 million, up from 1.25M at the end of the previous reported quarter. $352,140 worth of Kinross Gold Corporation (TSE:K) was sold by DILLON JOHN T. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock worth $146,000 after buying an additional 2,116 shares in the last quarter. Apriem Advsr holds 0% in Kinross Gold Corporation (TSE:K) or 39 shares. Creative Planning boosted its holdings in Kinross Gold Corporation by 42.7% during the first quarter. IFP Advisors Inc boosted its holdings in Kinross Gold Corporation by 22.0% during the second quarter.

Quaker Capital Investments Llc increased its stake in Kinross Gold Corp (KGC) by 20.04% based on its latest 2016Q4 regulatory filing with the SEC. 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 divisions include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

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