Kinross Gold (NYSE:KGC) (TSE:K) released its quarterly earnings results on Wednesday. The mining company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08, Briefing.com reports. The firm had revenue of $877.10 million during the quarter, compared to analyst estimates of $908.75 million. Kinross Gold had a net margin of 0.13% and a return on equity of 2.78%. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS.
NYSE:KGC traded down $0.57 during midday trading on Thursday, hitting $4.24. The company had a trading volume of 30,490,360 shares, compared to its average volume of 12,570,444. Kinross Gold has a 52-week low of $2.38 and a 52-week high of $5.47. The stock’s fifty day moving average price is $4.80 and its 200-day moving average price is $4.20. The company has a market capitalization of $5.38 billion, a PE ratio of 42.40 and a beta of -0.05. The company has a quick ratio of 1.16, a current ratio of 2.88 and a debt-to-equity ratio of 0.41.
A number of research firms have recently commented on KGC. Raymond James restated an “outperform” rating and set a $5.00 price target on shares of Kinross Gold in a research report on Friday, August 2nd. Citigroup boosted their price target on shares of Kinross Gold from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Barclays restated an “equal weight” rating and set a $5.00 price target on shares of Kinross Gold in a research report on Tuesday, October 15th. They noted that the move was a valuation call. Beacon Securities reiterated a “buy” rating on shares of Kinross Gold in a research report on Tuesday, October 8th. Finally, CIBC set a $6.00 target price on shares of Kinross Gold and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Kinross Gold has a consensus rating of “Hold” and a consensus price target of $4.54.
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.
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