Price Action Don’t Lie: How Analysts Feel About Kinross Gold Corporation (USA) After Today’s Huge Decline?

Price Action Don't Lie: How Analysts Feel About Kinross Gold Corporation (USA) After Today's Huge Decline?

The stock of Kinross Gold Corporation (USA) (NYSE:KGC) is a huge mover today! The stock decreased 7.85% or $0.27 on November 23, hitting $3.17. About 21.87 million shares traded hands or 40.82% up from the average. Kinross Gold Corporation (USA) (NYSE:KGC) has declined 31.68% since April 22, 2016 and is downtrending. It has underperformed by 37.09% the S&P500.
The move comes after 5 months negative chart setup for the $3.63B company. It was reported on Nov, 24 by Barchart.com. We have $2.95 PT which if reached, will make NYSE:KGC worth $254.10M less.

Analysts await Kinross Gold Corporation (USA) (NYSE:KGC) to report earnings on February, 8. They expect $0.05 EPS, up 183.33% or $0.11 from last year’s $-0.06 per share. KGC’s profit will be $57.26 million for 15.85 P/E if the $0.05 EPS becomes a reality. After $0.10 actual EPS reported by Kinross Gold Corporation (USA) for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

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

Out of 17 analysts covering Kinross Gold Corporation (NYSE:KGC), 7 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 41% are positive. Kinross Gold Corporation has been the topic of 35 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, March 31 by Credit Suisse. RBC Capital Markets downgraded the stock to “Underperform” rating in Monday, August 24 report. The firm has “Buy” rating by Canaccord Genuity given on Thursday, May 26. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) has “Outperform” rating given on Tuesday, February 9 by Credit Suisse. The rating was upgraded by Goldman Sachs on Wednesday, May 11 to “Neutral”. The rating was upgraded by RBC Capital Markets on Monday, April 11 to “Outperform”. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) has “Outperform” rating given on Monday, February 8 by BMO Capital Markets. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) has “Neutral” rating given on Friday, July 1 by Macquarie Research. The stock has “Outperform” rating given by Raymond James on Thursday, March 31. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) earned “Underperform” rating by Macquarie Research on Tuesday, March 15.

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 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 the news titled: “Kinross Gold Corporation: Should You Buy the Pullback?” on July 21, 2016. Fool.ca‘s news article titled: “Should Gold Bugs Buy Kinross Gold Corporation or Yamana Gold Inc. Today?” with publication date: July 06, 2016 was also an interesting one.

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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