Global Updates

Kinross Gold Corporation (USA) (NYSE:KGC) Expects to Report Positive EPS for the Current Quarter

Kinross Gold Corporation (USA) (NYSE:KGC) shares traded -2.59% during the most recent session the stock exchanged hands 11,472,681 shares versus average trading capacity of 11.62M shares, yielding a market cap of $4.56B. Wall Street analysts covering the stock are projecting that the stock will reach $4.35 within the next 52-weeks. The mean target projections are based on 18 opinions, the mean target was last revised on 04/20/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Kinross Gold Corporation (USA) (NYSE:KGC) high price target of $6.00 and with a conservative view have low price target of $2.60 with a standard deviation of $1.14. If seeing target price from optimistic overview then it has a 299 percent upside potential from the latest closing price of $3.76.

Kinross Gold Corporation (USA) (NYSE:KGC) received “Downgrade” rating by Citigroup in a research note issued to investors on Dec-05-16 from Neutral to Sell.

Additionally on Nov-22-16 Kinross Gold Corporation (USA) (NYSE:KGC) was “Downgraded” by BofA/Merrill from Buy to Neutral and on Sep-07-16 the stock was “Initiated” by Berenberg as Buy. Furthermore on Aug-02-16 the stock was “Initiated” by Citigroup as Neutral at $5.50.

On the other hand the company has Relative Strength Index (RSI 14) of 50.35 along with Average True Range (ATR 14) of 0.13, Consequently Kinross Gold Corporation (USA) (NYSE:KGC)’s weekly and monthly volatility is 3.07%, 3.39% respectively. The company’s beta value is at 0.31.

In terms of Buy, Sell or Hold recommendations, Kinross Gold Corporation (USA) (NYSE:KGC) has an analyst’s mean recommendation of 2.90. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Kinross Gold Corporation (USA) (NYSE:KGC) will report earnings of $0.01 for the current quarter on or around 5/2/2017 After Market Close, however the company’s high EPS estimates are $0.03 and low estimates are -$0.07.

Previously Kinross Gold Corporation (USA) (NYSE:KGC) reported -$0.04 earnings per share (EPS) for the quarter on 2/15/2017 After Market Close, missing the consensus estimate of $0.03 by -$0.07. The company posted an earnings surprise of -233.33%.

Past 5 years growth of Kinross Gold Corporation (USA) (NYSE:KGC) observed at -35.00%, looking forward for the next 5 years it has a strong prediction of -30.53% over growth.

Kinross Gold Corporation (USA) (NYSE:KGC)’s revenue estimates for the current quarter are $787.3M according to 6 number of analysts, for the current quarter the company has high revenue estimates of $853.96M in contradiction of low revenue estimates of $675.93M. For the current year the company’s revenue estimates are $3.24B compared to low analyst estimates of $3.01B and high estimates of $3.56B according 17 number of analysts.

Currently Kinross Gold Corporation (USA) (NYSE:KGC)’s shares owned by institutional owners are 69.90%. However the three-month change in the institutional ownership was recorded 44.12%.

Kinross Gold Corporation (USA) (NYSE:KGC) is trading -36.43% away from its 52 week high of $5.82 and +28.47% far from the stock’s low point over the past 52 weeks, which was $28.47. The stock hit its 52-week high on 05/02/16, and 52-week low on 12/22/16. The company’s trailing twelve month income is -104.00M dollars.

Kinross Gold Corporation (USA) (NYSE:KGC)’s trailing twelve month revenues are $3.47B, whereas its price to sales ratio for the same period is 1.32. Its book value per share for the most recent quarter is $3.33 while its price to book ratio for the same period is 1.13, as for as the company’s cash per share for the most recent quarter is $0.68, however its price to cash per share ratio for the same period is 0.68. The stock has a current PEG ratio of -2.53 where as its trailing twelve month P/E ratio is -44.24.

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