Kinross Gold (NYSE:KGC) (TSE:K) released its quarterly earnings results on Wednesday. The mining company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03, Briefing.com reports. The business had revenue of $996.20 million for the quarter, compared to analyst estimates of $947.81 million. Kinross Gold had a net margin of 5.15% and a return on equity of 6.02%. The company’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 earnings per share.
NYSE KGC traded up $0.14 during mid-day trading on Thursday, reaching $5.14. 18,675,704 shares of the stock were exchanged, compared to its average volume of 12,482,317. Kinross Gold has a 1-year low of $3.00 and a 1-year high of $5.47. The business’s fifty day simple moving average is $4.76 and its 200 day simple moving average is $4.68. The stock has a market capitalization of $6.27 billion, a PE ratio of 36.71 and a beta of -0.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 2.71.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Kinross Gold from a “sell” rating to a “hold” rating and set a $5.25 price target on the stock in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated a “hold” rating and issued a $5.00 price target on shares of Kinross Gold in a research report on Monday, January 20th. Credit Suisse Group reiterated a “neutral” rating and issued a $5.25 price target on shares of Kinross Gold in a research report on Thursday, January 23rd. ValuEngine upgraded shares of Kinross Gold from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 29th. Finally, Raymond James reiterated an “outperform” rating and issued a $6.00 price target on shares of Kinross Gold in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $5.07.
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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