Kinross Gold Corporation (KGC) Given "Buy" Rating at BMO Capital Markets

Key Highlights of Kinross Gold’s Round Mountain Phase W Expansion

Stocks Overview: Kinross Gold Corp (KGC) and Cliffs Natural Resources Inc (CLF)

Several hedge funds and other institutional investors have recently modified their holdings of KGC. Kinross Gold's revenue for the quarter was up 1.7% on a year-over-year basis. Commonwealth Bank of Australia now owns 300,182 shares of the mining company's stock valued at $1,218,000 after acquiring an additional 57,719 shares during the last quarter.

11/03/2016 - Kinross Gold Corporation had its "buy" rating reiterated by analysts at TD Securities. The firm's revenue was down.9% compared to the same quarter a year ago. Alliancebernstein L.P. boosted its position in Kinross Gold Corporation by 39.8% during the second quarter. Wells Fargo & Company MN grew its holdings in Kinross Gold Corporation by 15.1% during the first quarter. A total of 5.92 Million shares exchanged hands, whereas the company's average trading volume stands at 10.69 Million shares. Finally, Engineers Gate Manager LP bought a new stake in Kinross Gold Corporation during the second quarter valued at $613,000. CIBC World Markets Inc. now owns 15,919,332 shares of the mining company's stock valued at $64,792,000 after acquiring an additional 234,073 shares during the last quarter.

On Thursday, Shares of Kinross Gold Corporation (NYSE:KGC) expressed a change of -2.31% and closed its trade at $4.23.

09/07/2016 - Berenberg Bank began new coverage on Kinross Gold Corporation giving the company a "hold" rating.

Recently, In analysts note released on 18 September, Kinross Gold (NYSE:KGC) shares have had their "Buy" Rating reaffirmed by equity research analysts at BMO Capital, who now has a $5.25 price target on company. ValuEngine upgraded shares of Kinross Gold Corporation from a "sell" rating to a "hold" rating in a research report on Friday, September 1st. The stock has "Buy" rating by Bank of America on Tuesday, May 23. The analysts, on average, are forecasting a $5.1 price target, but the stock is already up 46.87% from its recent lows.

TRADEMARK VIOLATION NOTICE: This report was first published by Equities Focus and is the sole property of of Equities Focus. If you are accessing this report on another domain, it was copied illegally and republished in violation of US & worldwide trademark & copyright laws. Citigroup upgraded Kinross Gold Corporation (USA) (NYSE:KGC) on Friday, September 1 to "Neutral" rating. The stock's market capitalization is 5.64B. Kinross Gold has a 52 week low of $2.88 and a 52 week high of $5.81. Cliffs Natural Resources Inc (NYSE:CLF)'s distance from 20 day simple moving average is-0.0736 along with distance from 50 day simple moving average of 7.65 whereas its distance from 200 day simple moving average is 7.3.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The firm had revenue of $796.10 million during the quarter, compared to analysts' expectations of $790.06 million. On average, equities analysts anticipate that Kinross Gold Corporation will post $0.10 EPS for the current year.

Kinross Gold Corporation is a 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 segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

Latest News