Kinross Gold Corporation (USA) (KGC) is Upgraded by Deutsche Bank to Hold, Raises Price Target to $ 4.50

Kinross Gold Corporation (USA) (KGC) was Upgraded by Deutsche Bank to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 4.50 from a previous price target of $3.10 . Earlier the firm had a rating of “Sell ” on the company shares. Deutsche Bank advised their investors in a research report released on Jul 6, 2016.

Many Wall Street Analysts have commented on Kinross Gold Corporation (USA). Kinross Gold Corporation (USA) was Upgraded by Macquarie to ” Neutral” on Jul 1, 2016. Kinross Gold Corporation (USA) was Upgraded by Goldman to ” Neutral” on May 11, 2016. Kinross Gold Corporation (USA) was Downgraded by Credit Suisse to ” Neutral” on May 3, 2016.

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) opened for trading at $5.41 and hit $5.725 on the upside on Tuesday, eventually ending the session at $5.64, with a gain of 5.22% or 0.28 points. The heightened volatility saw the trading volume jump to 3,07,66,082 shares. Company has a market cap of $7,017 M.

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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