News stories about Kinross Gold Corporation (NYSE:KGC) (TSE:K) have been trending somewhat positive recently, Alpha One Sentiment Analysis reports. The research firm, a division of Accern, rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Kinross Gold Corporation earned a daily sentiment score of 0.20 on Alpha One’s scale. Alpha One also gave media stories about the mining company an impact score of 34 out of 100, indicating that recent news coverage is unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Alpha One Sentiment Analysis’s rankings:
- Citigroup Downgrades Rating On Kinross Gold Corporation (KGC) To “Sell” (highlightpress.com)
- Kinross Gold Corporation (KGC) Stake Maintained by Loews Corp (leisuretravelaid.com)
- Kinross Gold Corporation Sees Unusually Large Options Volume (KGC) (americanbankingnews.com)
- Worth Watching Stocks News Buzz: Kinross Gold Corporation (USA)(NYSE:KGC), DryShips Inc.(NASDAQ:DRYS) – Stocks In Focus (press release) (nysetradingupdates.com)
- Kinross Gold Corporation (KGC) Given Outperform Rating at Raymond James Financial, Inc. (americanbankingnews.com)
Several equities research analysts recently issued reports on KGC shares. Jefferies Group LLC set a $4.00 price objective on shares of Kinross Gold Corporation and gave the stock a “hold” rating in a research report on Tuesday, March 14th. Credit Suisse Group restated a “hold” rating and set a $5.00 price objective on shares of Kinross Gold Corporation in a research report on Thursday, April 27th. Deutsche Bank AG cut their price objective on shares of Kinross Gold Corporation from $4.00 to $3.80 and set a “hold” rating for the company in a research report on Tuesday, March 21st. Zacks Investment Research upgraded shares of Kinross Gold Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $4.75 price objective (up from $4.25) on shares of Kinross Gold Corporation in a research report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $4.90.
Shares of Kinross Gold Corporation (KGC) remained flat at $4.09 on Friday. The stock had a trading volume of 14,906,360 shares. The firm’s market cap is $5.10 billion. Kinross Gold Corporation has a 52 week low of $2.88 and a 52 week high of $5.81. The firm has a 50 day moving average of $4.10 and a 200-day moving average of $3.67. Kinross Gold Corporation also saw some unusual options trading activity on Friday. Traders bought 51,024 put options on the company. This is an increase of approximately 595% compared to the typical volume of 7,342 put options.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Tuesday, May 2nd. The mining company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. Kinross Gold Corporation had a negative net margin of 0.13% and a positive return on equity of 2.13%. The company had revenue of $796.10 million during the quarter, compared to the consensus estimate of $790.06 million. The business’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts anticipate that Kinross Gold Corporation will post $0.06 EPS for the current fiscal year.
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About Kinross Gold Corporation
Kinross Gold Corporation is a 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, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
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