The stock of Kinross Gold Corporation (USA) (NYSE:KGC) is a huge mover today! About 9.16 million shares traded hands. Kinross Gold Corporation (USA) (NYSE:KGC) has declined 22.40% since April 13, 2016 and is downtrending. It has underperformed by 26.33% the S&P500.
The move comes after 6 months positive chart setup for the $4.56 billion company. It was reported on Nov, 15 by Barchart.com. We have $4.57 PT which if reached, will make NYSE:KGC worth $1.32B more.
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. On Wednesday, September 7 the stock rating was initiated by Berenberg with “Hold”. The rating was upgraded by Goldman Sachs to “Neutral” on Wednesday, May 11. BMO Capital Markets maintained the shares of KGC in a report on Monday, March 7 with “Outperform” rating. IBC initiated the shares of KGC in a report on Friday, July 24 with “Sector Perform” rating. The rating was upgraded by Deutsche Bank to “Hold” on Wednesday, July 6. Deutsche Bank maintained it with “Hold” rating and $2.25 target price in Monday, October 5 report. The company was upgraded on Tuesday, February 9 by Credit Suisse. Robert W. Baird downgraded the shares of KGC in a report on Monday, August 24 to “Sector Perform” rating. Raymond James upgraded the stock to “Outperform” rating in Thursday, March 31 report. The rating was downgraded by Raymond James on Wednesday, November 18 to “Mkt Perform”.
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: Fool.ca which released: “Barrick Gold Corp. or Kinross Gold Corporation: Which Is the Better Buy Right Now?” on October 18, 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 Gold Bugs Buy Kinross Gold Corporation or Yamana Gold Inc. Today?” with publication date: July 06, 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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