Hot Stock to Watch: Kinross Gold Corporation (KGC)

Marco Green
July 7, 2017

Many analysts have provided their estimated foresights on Kinross Gold Corporation Earnings, with 12 analysts believing the company would generate an Average Estimate of $0.02. Lombard Odier Asset Management Usa Corp who had been investing in Liberty Global Plc (Call) for a number of months, seems to be less bullish one the $7.41B market cap company.

Having a peek at growth estimates of the company, Kinross Gold Corp (NYSE:KGC) has current quarter growth estimates of 300% however it has -80% estimations over growth for the next quarter. It also increased its holding in Fang Hldgs Ltd by 122,104 shares in the quarter, for a total of 847,028 shares, and has risen its stake in Nq Mobile Inc (NYSE:NQ). Artisan Partners Limited Partnership raised its stake in Kinross Gold Corporation by 52.9% in the fourth quarter. Mackenzie Financial Corp increased its position in shares of Kinross Gold Corporation by 0.4% in the first quarter. Renaissance Technologies LLC now owns 38,818,472 shares of the mining company's stock valued at $120,729,000 after buying an additional 4,814,773 shares in the last quarter. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. Finally, UBS Asset Management Americas Inc. raised its position in Kinross Gold Corporation by 10.5% in the fourth quarter.

Shares of Kinross Gold Corporation (NYSE:KGC) traded down 1.26% during mid-day trading on Monday, reaching $3.91. For the last month, company shares are -6.60%. Kinross Gold Corporation has a 1-year low of $2.88 and a 1-year high of $5.81.

Fossil Group, Inc. (FOSL) observed trading 2.64% away from the 20-day moving average and -18.06% off from its 50-day simple moving average. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. Deutsche Bank AG reduced their price target on Kinross Gold Corporation from $4.00 to $3.80 and set a hold rating on the stock in a research note on Tuesday, March 21st. These analysts have also projected a High Estimate of $0.04/share. The firm had revenue of $796.10 million for the quarter, compared to analysts' expectations of $790.06 million. The firm has a Return on Assets (ROA) value of -0.10%. The company's revenue was up 1.7% compared to the same quarter previous year. Equities analysts expect that Kinross Gold Corporation will post $0.07 earnings per share for the current year.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its earnings results on Tuesday, May 2nd. If you are reading this news story on another domain, it was stolen and republished in violation of USA & global trademark and copyright laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/07/07/aqr-capital-management-llc-has-42-91-million-position-in-kinross-gold-corporation-kgc-updated.html.

A number of research analysts have recently weighed in on the company. TD Securities upgraded Kinross Gold Corporation (USA) (NYSE:KGC) on Thursday, March 31 to "Buy" rating. For the past 5 years, the stock's EPS growth has been almost -18.70%. Jefferies Group LLC set a $4.00 price target on Kinross Gold Corporation and gave the company a "hold" rating in a report on Friday, May 19th. Finally, CIBC raised shares of Kinross Gold Corporation from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. The stock closing price is now trading downward to its 50 day moving average with change of -2.29%, tumbled to its 20 day moving average with figure of -5.52% and above its 200 day moving average with value 6.30%. Kinross Gold Corp (NYSE:KGC)'s price to free cash flow for trailing twelve months is 14.12.

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