Noteworthy Price Action: Could Kinross Gold Corporation (USA) See a Reversal After This Very Strong Session?

Noteworthy Price Action: Could Kinross Gold Corporation (USA) See a Reversal After This Very Strong Session?

The stock of Kinross Gold Corporation (USA) (NYSE:KGC) is a huge mover today! About 2.75M shares traded hands. Kinross Gold Corporation (USA) (NYSE:KGC) has declined 31.53% since April 25, 2016 and is downtrending. It has underperformed by 37.55% the S&P500.
The move comes after 6 months positive chart setup for the $4.06 billion company. It was reported on Nov, 28 by Barchart.com. We have $3.36 PT which if reached, will make NYSE:KGC worth $121.80 million more.

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 $62.27M for 16.30 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 stock has “Neutral” rating given by Goldman Sachs on Wednesday, May 11. The firm has “Hold” rating by Canaccord Genuity given on Tuesday, May 3. The rating was maintained by Barclays Capital on Friday, February 12 with “Equal Weight”. The firm earned “Outperform” rating on Tuesday, February 9 by Credit Suisse. Canaccord Genuity upgraded the stock to “Buy” rating in Thursday, May 26 report. As per Monday, February 8, the company rating was upgraded by BMO Capital Markets. TD Securities upgraded the stock to “Buy” rating in Thursday, March 31 report. On Wednesday, November 18 the stock rating was downgraded by Raymond James to “Mkt Perform”. The firm earned “Sector Perform” rating on Friday, July 24 by IBC. Deutsche Bank upgraded the shares of KGC in a report on Wednesday, July 6 to “Hold” 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 news for Kinross Gold Corporation (USA) (NYSE:KGC) were recently published by: Fool.ca, which released: “Barrick Gold Corp. or Kinross Gold Corporation: Which Is the Better Buy Right Now?” on October 18, 2016. Fool.ca‘s article titled: “Kinross Gold Corporation: Should You Buy the Pullback?” and published on July 21, 2016 is yet another important article.

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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