Kinross Gold Corporation (USA) (KGC) is Initiated by Citigroup to Neutral, Price Target at $5.50

Kinross Gold Corporation (USA) (KGC) was Initiated by Citigroup to “Neutral” and the brokerage firm has set the Price Target at $5.50. Citigroup advised their investors in a research report released on Aug 2, 2016.

Many Wall Street Analysts have commented on Kinross Gold Corporation (USA). Kinross Gold Corporation (USA) was Upgraded by Jefferies to ” Hold” on Jul 14, 2016. Company shares were Upgraded by Deutsche Bank on Jul 6, 2016 to ” Hold”, Firm has raised the Price Target to $ 4.50 from a previous price target of $3.10 .Kinross Gold Corporation (USA) was Upgraded by Macquarie to ” Neutral” on Jul 1, 2016.

On the company’s financial health, Kinross Gold Corporation (USA) reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.01. The company had revenue of $876.40 million for the quarter, compared to analysts expectations of $871.63 million. The company’s revenue was up 16.0% 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 $5.16 and hit $5.25 on the upside on Friday, eventually ending the session at $5.17, with a gain of 2.78% or 0.14 points. The heightened volatility saw the trading volume jump to 1,11,63,218 shares. Company has a market cap of $6,433 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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