Price Action Don’t Lie: Could Kinross Gold Corporation (USA) Change Direction After Today’s Significant Increase?

Price Action Don't Lie: Could Kinross Gold Corporation (USA) Change Direction After Today's Significant Increase?

The stock of Kinross Gold Corporation (USA) (NYSE:KGC) is a huge mover today! About 10.61M shares traded hands. Kinross Gold Corporation (USA) (NYSE:KGC) has risen 16.56% since March 7, 2016 and is uptrending. It has outperformed by 8.96% the S&P500.
The move comes after 7 months positive chart setup for the $4.57B company. It was reported on Oct, 10 by We have $5.15 PT which if reached, will make NYSE:KGC worth $1.87B more.

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 $75.12 million for 15.21 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. Berenberg initiated the shares of KGC in a report on Wednesday, September 7 with “Hold” rating. The stock has “Sector Perform” rating given by IBC on Friday, July 24. The rating was downgraded by Raymond James on Wednesday, November 18 to “Mkt Perform”. Goldman Sachs upgraded the shares of KGC in a report on Wednesday, May 11 to “Neutral” rating. RBC Capital Markets upgraded Kinross Gold Corporation (USA) (NYSE:KGC) rating on Monday, April 11. RBC Capital Markets has “Outperform” rating and $4.75 price target. Raymond James upgraded Kinross Gold Corporation (USA) (NYSE:KGC) rating on Thursday, March 31. Raymond James has “Outperform” rating and $5 price target. The rating was downgraded by Robert W. Baird on Monday, August 24 to “Sector Perform”. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) earned “Buy” rating by Canaccord Genuity on Thursday, May 26. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, May 3. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) has “Outperform” rating given on Thursday, March 31 by Credit Suisse.

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 important recent Kinross Gold Corporation (USA) (NYSE:KGC) news were published by: which released: “Trade of the Day: Kinross Gold Corporation (USA) (NYSE:KGC)” on July 07, 2016, also published article titled: “Should You Buy Cameco Corporation or Kinross Gold Corporation Today?”, published: “Kinross Gold Corporation: Should You Buy the Pullback?” on July 21, 2016. More interesting news about Kinross Gold Corporation (USA) (NYSE:KGC) was released by: and their article: “Is Kinross Gold Corporation or Goldcorp Inc. Attractive Today?” with publication date: August 15, 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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