$0.01 EPS Expected for Kinross Gold Corporation (USA) (KGC)

July 18, 2017 - By Michael Collier

 $0.01 EPS Expected for Kinross Gold Corporation (USA) (KGC)

Wall Street await Kinross Gold Corporation (USA) (NYSE:KGC) to release earnings on July, 26. Analysts forecast earnings per share of $0.01, up exactly $0.02 or 200.00 % from 2014’s $-0.01 EPS. The expected KGC’s profit could reach $12.78M giving the stock 99.75 P/E in the case that $0.01 earnings per share is reported. After posting $0.02 EPS for the previous quarter, Kinross Gold Corporation (USA)’s analysts now forecast -50.00 % negative EPS growth. The stock increased 2.31% or $0.09 during the last trading session, reaching $3.99. About 5.32 million shares traded. Kinross Gold Corporation (USA) (NYSE:KGC) has declined 13.79% since July 18, 2016 and is downtrending. It has underperformed by 30.49% the S&P500.

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

Among 17 analysts covering Kinross Gold Corporation (NYSE:KGC), 7 have Buy rating, 1 Sell and 9 Hold. Therefore 41% are positive. Kinross Gold Corporation had 45 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by Jefferies to “Hold” on Thursday, July 14. Bank of America upgraded the stock to “Buy” rating in Friday, March 11 report. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) has “Outperform” rating given on Monday, February 8 by BMO Capital Markets. The firm earned “Outperform” rating on Monday, April 11 by RBC Capital Markets. The company was upgraded on Monday, May 29 by BMO Capital Markets. Deutsche Bank maintained it with “Hold” rating and $2.25 target in Monday, October 5 report. As per Monday, December 19, the company rating was downgraded by BMO Capital Markets. Bank of America downgraded the shares of KGC in report on Tuesday, November 22 to “Neutral” rating. The rating was upgraded by Deutsche Bank on Wednesday, July 6 to “Hold”. Canaccord Genuity downgraded the shares of KGC in report on Tuesday, May 3 to “Hold” rating.

Kinross Gold Corporation is a gold mining company. The company has market cap of $5.10 billion. 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. It currently has negative earnings. The Company’s divisions include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

More notable recent Kinross Gold Corporation (USA) (NYSE:KGC) news were published by: Fool.ca which released: “Gold Investors: Kinross Gold Corporation vs. Barrick Gold Corp.” on June 08, 2017, also Fool.ca with their article: “Is it Kinross Gold Corporation’s Time to Shine?” published on May 19, 2017, Fool.ca published: “Kinross Gold Corporation: Should This Be Your Top Gold Pick?” on June 22, 2017. More interesting news about Kinross Gold Corporation (USA) (NYSE:KGC) were released by: Fool.ca and their article: “Should Kinross Gold Corporation or Barrick Gold Corp. Be in Your Portfolio?” published on July 17, 2017 as well as Fool.ca‘s news article titled: “Kinross Gold Corporation: Is it Finally Time to Buy This Beleaguered Stock?” with publication date: February 07, 2017.

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