Kinross Gold Corporation (USA) (KGC) Stock Is Crashing Now

19 Août, 2017, 21:56 | Author: Marc Bacque

The stock of Kinross Gold Corporation (USA) (NYSE:KGC) has "Hold" rating given on Wednesday, July 6 by Deutsche Bank. Scotiabank now has a sector perform rating on the mining company's stock.

Other equities research analysts also recently issued research reports about the company. TD Securities reiterated a buy rating and set a $5.50 price objective (up from $5.00) on shares of Kinross Gold Corporation in a report on Thursday, May 4th. BidaskClub cut shares of Kinross Gold Corporation from a buy rating to a hold rating in a research note on Tuesday, June 13th. Finally, Credit Suisse Group reaffirmed a "hold" rating and set a $5.00 target price on shares of Kinross Gold Corporation in a report on Thursday, April 27th. The firm has "Buy" rating given on Tuesday, July 18 by RBC Capital Markets. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $5.01.

The company is trading down by -0.23 percent from yesterday's close. The company had a trading volume of 7,515,315 shares. The stock has a market capitalization of $5.45 billion, a P/E ratio of 104.05 and a beta of 0.22. Kinross Gold Corporation has a 52-week low of $2.88 and a 52-week high of $4.87.

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Dynamic Technology Lab Private Ltd says it sold 3,561 shares last quarter decreasing its holdings in Kinross Gold Corporation by 2.8%. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The business had revenue of $868.60 million for the quarter, compared to analysts' expectations of $825.02 million. Next quarter's EPS is estimated at $0.03 and the next full year EPS is projected to be $0.13. Kinross Gold Corporation's revenue was down.9% compared to the same quarter past year. On average, analysts expect that Kinross Gold Corporation will post $0.10 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in KGC. Canada Pension Plan Investment Board raised its position in shares of Kinross Gold Corporation by 57.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company's stock valued at $146,000 after buying an additional 2,116 shares in the last quarter. Gotham Asset Management LLC raised its stake in shares of Kinross Gold Corporation by 53.2% in the second quarter. Contrarius Investment Management Ltd now owns 15,588,099 shares of the mining company's stock worth $54,714,000 after buying an additional 6,071,866 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Kinross Gold Corporation by 5.4% in the second quarter. As of quarter end Rockshelter Capital Management LLC had bought a total of 15,925 shares growing its holdings by 1.6%. IFP Advisors Inc raised its stake in shares of Kinross Gold Corporation by 22.0% in the second quarter. Rockshelter Capital Management LLC now owns 987,575 shares with a value of $4,019,000. More interesting news about Kinross Gold Corporation (USA) (NYSE:KGC) were released by: Fool.ca and their article: "Kinross Gold Corporation: Is it Finally Time to Buy This Beleaguered Stock?" published on February 07, 2017 as well as Fool.ca's news article titled: "Time to Buy Kinross Gold Corporation?" with publication date: May 29, 2017. Institutional investors and hedge funds own 60.27% of the company's stock.

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