Kinross Gold (NYSE:KGC) (TSE:K) released its quarterly earnings data on Wednesday. The mining company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03, Briefing.com reports. The company had revenue of $837.80 million during the quarter, compared to analyst estimates of $820.97 million. Kinross Gold had a negative net margin of 2.10% and a positive return on equity of 1.88%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 earnings per share.
Shares of Kinross Gold stock traded up $0.09 during midday trading on Friday, hitting $4.56. The company had a trading volume of 760,303 shares, compared to its average volume of 10,360,419. The stock has a market capitalization of $5.35 billion, a PE ratio of 45.65 and a beta of 0.02. The company has a current ratio of 3.02, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average price of $3.96. Kinross Gold has a 12-month low of $2.38 and a 12-month high of $4.48.
Several research firms have commented on KGC. Zacks Investment Research raised shares of Kinross Gold from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research report on Tuesday, April 23rd. ValuEngine raised shares of Kinross Gold from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. Canaccord Genuity reissued a “buy” rating on shares of Kinross Gold in a research report on Friday, July 19th. JPMorgan Chase & Co. lowered shares of Kinross Gold from a “neutral” rating to an “underweight” rating and set a $3.20 price target for the company. in a research report on Thursday, May 30th. Finally, Deutsche Bank set a $4.00 price target on shares of Kinross Gold and gave the company a “hold” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $3.77.
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.
Featured Article: Dividend Achievers
Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.