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

Price Action to Note: 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 5.42 million shares traded hands. Kinross Gold Corporation (USA) (NYSE:KGC) has risen 27.12% since March 11, 2016 and is uptrending. It has outperformed by 21.66% the S&P500.
The move comes after 9 months negative chart setup for the $4.61B company. It was reported on Oct, 14 by Barchart.com. We have $3.39 PT which if reached, will make NYSE:KGC worth $322.70 million less.

Analysts await Kinross Gold Corporation (USA) (NYSE:KGC) to report earnings on November, 3. They expect $0.06 earnings per share, up 400.00% or $0.08 from last year’s $-0.02 per share. KGC’s profit will be $75.99 million for 15.17 P/E if the $0.06 EPS becomes a reality. After $-0.01 actual earnings per share 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 firm earned “Buy” rating on Friday, March 11 by Bank of America. The rating was downgraded by Robert W. Baird to “Sector Perform” on Monday, August 24. The firm earned “Hold” rating on Wednesday, July 6 by Deutsche Bank. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) earned “Outperform” rating by Raymond James on Thursday, March 31. Credit Suisse maintained Kinross Gold Corporation (USA) (NYSE:KGC) rating on Thursday, March 31. Credit Suisse has “Outperform” rating and $3.75 price target. The rating was upgraded by Macquarie Research on Friday, July 1 to “Neutral”. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) has “Hold” rating given on Tuesday, May 3 by Canaccord Genuity. As per Wednesday, November 18, the company rating was downgraded by Raymond James. The firm has “Outperform” rating by RBC Capital Markets given on Monday, April 11. RBC Capital Markets downgraded the stock to “Underperform” rating in Monday, August 24 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 important 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 published article titled: “Kinross Gold Corporation: Should You Buy the Pullback?”, 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) was released by: Fool.ca and their article: “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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