Stock of The Day: How Analysts Feel About Kinross Gold Corporation (USA) After Today’s Significant Decline?

Stock of The Day: How Analysts Feel About Kinross Gold Corporation (USA) After Today's Significant Decline?

The stock of Kinross Gold Corporation (USA) (NYSE:KGC) is a huge mover today! About 9.76M shares traded hands. Kinross Gold Corporation (USA) (NYSE:KGC) has declined 17.59% since April 18, 2016 and is downtrending. It has underperformed by 22.02% the S&P500.
The move comes after 7 months negative chart setup for the $4.37B company. It was reported on Nov, 18 by Barchart.com. We have $3.03 PT which if reached, will make NYSE:KGC worth $393.30 million less.

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 rating was upgraded by Macquarie Research to “Neutral” on Friday, July 1. The rating was upgraded by TD Securities to “Buy” on Thursday, March 31. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) earned “Underperform” rating by RBC Capital Markets on Monday, August 24. As per Wednesday, July 6, the company rating was upgraded by Deutsche Bank. Credit Suisse maintained the shares of KGC in a report on Thursday, March 31 with “Outperform” rating. As per Tuesday, November 24, the company rating was upgraded by RBC Capital Markets. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) has “Outperform” rating given on Monday, February 8 by BMO Capital Markets. Bank of America upgraded the stock to “Buy” rating in Friday, March 11 report. The firm earned “Sector Perform” rating on Friday, July 24 by IBC. Macquarie Research downgraded the shares of KGC in a report on Tuesday, March 15 to “Underperform” rating.

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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