Kinross Gold Corporation (USA) (KGC) is Downgraded by Credit Suisse to Neutral

Kinross Gold Corporation (USA) (KGC) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on May 3, 2016.

Many Wall Street Analysts have commented on Kinross Gold Corporation (USA). Company shares were Upgraded by RBC Capital Mkts on Apr 11, 2016 to ” Outperform”, Firm has raised the Price Target to $ 4.75 from a previous price target of $3.50 .Raymond James Upgraded Kinross Gold Corporation (USA) on Mar 31, 2016 to ” Outperform”, Price Target of the shares are set at $5.Credit Suisse Resumed Kinross Gold Corporation (USA) on Mar 24, 2016 to “Outperform”, Price Target of the shares are set at $3.50.

On the company’s financial health, Kinross Gold Corporation (USA) reported $-0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus of $-0.05. The company had revenue of $706.20 million for the quarter, compared to analysts expectations of $693.07 million. The company’s revenue was down -10.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.

Kinross Gold Corporation (USA) closed down -0.06 points or -1.05% at $5.64 with 2,09,20,670 shares getting traded on Monday. Post opening the session at $5.79, the shares hit an intraday low of $5.545 and an intraday high of $5.82 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Kinross Gold Corporation is a senior 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 Kettle River-Buckhorn Kupol Paracatu Maricunga Tasiast and Chirano. Its gold production and exploration activities are carried out principally in Canada the United States the Russian Federation Brazil Chile Ghana and Mauritania. Its gold is produced in the form of dore which is shipped to refineries for final processing. It also produces and sells silver.

Kinross Gold Corporation (USA)

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