Kinross Gold Co. (TSE:K) (NYSE:KGC) traded down 7% on Tuesday . The stock traded as low as C$5.42 and last traded at C$5.80. 3,420,448 shares changed hands during trading, an increase of 38% from the average session volume of 2,475,162 shares. The stock had previously closed at C$5.42.
Several equities research analysts recently weighed in on the stock. Macquarie increased their price objective on shares of Kinross Gold from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Canaccord Genuity increased their price objective on shares of Kinross Gold from C$7.00 to C$7.75 in a research note on Friday, September 29th. Desjardins reiterated a “sell” rating on shares of Kinross Gold in a research note on Monday, December 11th. Finally, Eight Capital reiterated a “neutral” rating on shares of Kinross Gold in a research note on Thursday, November 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Kinross Gold presently has a consensus rating of “Buy” and an average target price of C$6.11.
The stock has a market cap of $6,770.00, a P/E ratio of 49.36 and a beta of -0.30.
Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, November 8th. The company reported C$0.09 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.06. Kinross Gold had a net margin of 7.26% and a return on equity of 5.54%.
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Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The companys gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
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