Price Action To Observe: Kinross Gold Corporation (USA)’s Trend Down, Especially After Today’s Weak Session

Price Action To Observe: Kinross Gold Corporation (USA)'s Trend Down, Especially After Today's Weak Session

The stock of Kinross Gold Corporation (USA) (NYSE:KGC) is a huge mover today! About 20.90M shares traded hands or 15.34% up from the average. Kinross Gold Corporation (USA) (NYSE:KGC) has risen 43.06% since March 1, 2016 and is uptrending. It has outperformed by 33.81% the S&P500.
The move comes after 7 months negative chart setup for the $4.43 billion company. It was reported on Oct, 4 by Barchart.com. We have $3.46 PT which if reached, will make NYSE:KGC worth $221.50M less.

Analysts await Kinross Gold Corporation (USA) (NYSE:KGC) to report earnings on November, 3. They expect $0.06 EPS, up 400.00% or $0.08 from last year’s $-0.02 per share. KGC’s profit will be $73.02 million for 15.17 P/E if the $0.06 EPS becomes a reality. After $-0.01 actual EPS reported by Kinross Gold Corporation (USA) for the previous quarter, Wall Street now forecasts -700.00% EPS growth.

Kinross Gold Corporation (USA) (NYSE:KGC) Ratings Coverage

Out of 17 analysts covering Kinross Gold Corporation (NYSE:KGC), 8 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 47% are positive. Kinross Gold Corporation has been the topic of 34 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, February 25 by UBS. On Monday, October 5 the stock rating was maintained by Deutsche Bank with “Hold”. The firm earned “Sector Perform” rating on Friday, July 24 by IBC. Jefferies upgraded the shares of KGC in a report on Thursday, July 14 to “Hold” rating. The stock has “Hold” rating given by Berenberg on Wednesday, September 7. Credit Suisse maintained Kinross Gold Corporation (USA) (NYSE:KGC) on Thursday, March 31 with “Outperform” rating. RBC Capital Markets upgraded the stock to “Outperform” rating in Monday, April 11 report. Deutsche Bank upgraded the stock to “Hold” rating in Wednesday, July 6 report. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) earned “Outperform” rating by BMO Capital Markets on Monday, March 7. Barclays Capital maintained it with “Equal Weight” rating and $3 target price in Friday, February 12 report.

According to Zacks Investment Research, “Kinross Gold Corporation is a gold mining company. The Company’s mines are located in the regions of South America, North America, West Africa and Russia. Kinross Gold Corporation is based in Toronto, Canada.”

More notable recent Kinross Gold Corporation (USA) (NYSE:KGC) news were published by: Investorplace.com which released: “Trade of the Day: Kinross Gold Corporation (USA) (NYSE:KGC)” on July 07, 2016, also Fool.ca with their article: “Should You Buy Cameco Corporation or Kinross Gold Corporation Today?” published on September 19, 2016, Fool.ca published: “Is Kinross Gold Corporation or Goldcorp Inc. Attractive Today?” on August 15, 2016. More interesting news about Kinross Gold Corporation (USA) (NYSE:KGC) were released by: Fool.ca and their article: “Kinross Gold Corporation: Should You Buy the Pullback?” published on July 21, 2016 as well as Fool.ca‘s news article titled: “Should You Buy Kinross Gold Corporation Right Now?” with publication date: August 11, 2016.

KGC Company Profile

Kinross Gold Corporation is gold mining company. The Firm 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, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano. The Company’s gold production and exploration activities are carried out in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. The Firm produces gold in the form of dore, which is shipped to refineries for final processing. The Firm also produces and sells silver.

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