Equities researchers at Goldman Sachs Group Inc. assumed coverage on shares of Kinross Gold Corp (NYSE:KGC) in a research report issued on Friday, Analyst Ratings Network reports. The firm set a “sell” rating on the stock.
Kinross Gold Corp (NYSE:KGC) opened at 5.55 on Friday. Kinross Gold Corp has a 52 week low of $4.53 and a 52 week high of $11.20. The stock’s 50-day moving average is $5.45 and its 200-day moving average is $5.8. The company’s market cap is $6.341 billion.
Kinross Gold Corp (NYSE:KGC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.03. The company had revenue of $968.00 million for the quarter, compared to the consensus estimate of $929.64 million. During the same quarter last year, the company posted $0.14 earnings per share. Kinross Gold Corp’s revenue was down 3.7% compared to the same quarter last year. Analysts expect that Kinross Gold Corp will post $0.32 EPS for the current fiscal year.
A number of other firms have also recently commented on KGC. Analysts at Zacks reiterated a “neutral” rating on shares of Kinross Gold Corp (NYSE:KGC) in a research note to investors on Monday, August 26th. They now have a $6.25 price target on the stock. Separately, analysts at CIBC upgraded shares of Kinross Gold Corp (NYSE:KGC) from an “underperform” rating to a “sector perform” rating in a research note to investors on Tuesday, August 6th. They now have a $6.50 price target on the stock, up previously from $5.50. Finally, analysts at BMO Capital Markets downgraded shares of Kinross Gold Corp (NYSE:KGC) from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, July 15th. They now have a $6.00 price target on the stock, down previously from $8.50.
Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. Kinross Gold Corp has an average rating of “Hold” and a consensus price target of $8.16.
Kinross Gold Corporation (NYSE:KGC) 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.
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