Kinross Gold Corporation (KGC) Getting Somewhat Favorable News Coverage, Report Shows

News stories about Kinross Gold Corporation (NYSE:KGC) (TSE:K) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kinross Gold Corporation earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave media stories about the mining company an impact score of 46.959509937241 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of Kinross Gold Corporation (NYSE KGC) opened at 4.30 on Friday. Kinross Gold Corporation has a 52-week low of $2.88 and a 52-week high of $4.91. The stock’s 50 day moving average is $4.44 and its 200-day moving average is $4.14. The firm has a market capitalization of $5.36 billion, a P/E ratio of 102.38 and a beta of 0.12.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $868.60 million during the quarter, compared to analyst estimates of $825.02 million. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) EPS. On average, equities analysts forecast that Kinross Gold Corporation will post $0.11 earnings per share for the current fiscal year.

KGC has been the subject of a number of recent analyst reports. TD Securities set a $6.00 price objective on shares of Kinross Gold Corporation and gave the company a “buy” rating in a research report on Thursday. Jefferies Group LLC set a $4.00 price objective on shares of Kinross Gold Corporation and gave the company a “hold” rating in a research report on Thursday. BidaskClub upgraded shares of Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. ValuEngine upgraded shares of Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $5.00 price objective on shares of Kinross Gold Corporation in a research report on Thursday, August 24th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.19.

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About Kinross Gold Corporation

Kinross Gold Corporation is a gold mining company. The Company 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.

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