Kinross Gold Corporation (KGC) Reaches New 12-Month High at $4.70

In order to determine directional movement, the 50-day and 200-day moving averages for Kinross Gold Corporation (NYSE:KGC) are $4.26 and $3.94. Goldman Sachs upgraded Kinross Gold Corporation (USA) (NYSE:KGC) on Wednesday, May 11 to "Neutral" rating. The stock had previously closed at $4.49.

More notable recent Kinross Gold Corporation (USA) (NYSE:KGC) news were published by: Fool.ca which released: "Why Kinross Gold Corporation Could Be a Glimmering Turnaround Play" on July 24, 2017, also Fool.ca with their article: "Kinross Gold Corporation: Should This Be Your Top Gold Pick?" published on June 22, 2017, Fool.ca published: "Gold Hits US$1330: Time to Buy Kinross Gold Corporation?" on September 06, 2017.

Shares of Kinross Gold Corporation (NYSE:KGC) have been recently spotted trading -0.85% off of the 52-week high price. Kinross Gold Corporation also saw some unusual options trading on Tuesday. Finally, SG Americas Securities LLC increased its position in shares of Kinross Gold Corporation by 129.3% in the first quarter. FMR LLC now owns 3,643,767 shares of the mining company's stock valued at $12,851,000 after purchasing an additional 573,328 shares during the last quarter. As of writing, Kinross Gold Corporation's RSI stands at 68.40%. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Kinross Gold Corporation (NYSE:KGC) traded at an unexpectedly high level on 09/06/2017 when the stock experienced a -0.21% loss to a closing price of $4.68. Noting its average daily volume at 1.4 million shares each day over the month, this signifies a pretty significant change over the norm.

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Based on current stock levels, Kinross Gold Corporation shares are trading 26.82% off of the 50-day high and 1.58% away from the 50-day low.

The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.50%. The mining company reported $0.04 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.02 by $0.02. National Bank Financial restated a "sector perform market weight" rating on shares of Kinross Gold in a research note on Thursday, August 3rd. During the same period in the prior year, the company earned ($0.01) EPS. The firm's revenue was down.9% compared to the same quarter past year. Analysts have a mean recommendation of 2.50 on this stock. Contrarius Investment Management Ltd increased its position in shares of Kinross Gold Corporation by 63.8% in the first quarter. On Thursday, June 15 the stock rating was maintained by Raymond James with "Outperform". Contrarius Investment Management Ltd grew its holdings in Kinross Gold Corporation by 4.0% during the second quarter.

11/03/2016 - Kinross Gold Corporation had its "buy" rating reiterated by analysts at Canaccord Genuity. BidaskClub raised shares of Kinross Gold Corporation from a "sell" rating to a "hold" rating in a research report on Friday, August 18th. Its book value per share for the most recent quarter is $3.47 while its price to book ratio for the same period is 1.35, as for as the company's cash per share for the most recent quarter is $0.85, however its price to cash per share ratio for the same period is 5.5. Institutional investors own 59.56% of the company's stock.

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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