NYSE:KGCKinross Gold Stock Price, Forecast & News

Kinross Gold's stock was trading at $4.81 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, KGC stock has increased by 94.8% and is now trading at $9.37.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kinross Gold in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Kinross Gold is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Kinross Gold Co. (NYSE:KGC) posted its earnings results on Wednesday, July, 29th. The mining company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. The mining company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.01 billion. Kinross Gold had a return on equity of 11.27% and a net margin of 23.96%. The business's revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS.
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8 Wall Street analysts have issued 1 year price objectives for Kinross Gold's stock. Their forecasts range from $5.00 to $12.00. On average, they anticipate Kinross Gold's share price to reach $8.50 in the next year. This suggests that the stock has a possible downside of 9.3%.
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News stories about KGC stock have trended negative on Monday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Kinross Gold earned a media sentiment score of -2.2 on InfoTrie's scale. They also assigned media stories about the mining company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Kinross Gold.

Kinross Gold saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 16,780,000 shares, a decrease of 21.0% from the June 30th total of 21,250,000 shares. Based on an average daily volume of 18,000,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.3% of the company's stock are sold short.
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Some companies that are related to Kinross Gold include Franco Nevada (FNV), Wheaton Precious Metals (WPM), Agnico Eagle Mines (AEM), Kirkland Lake Gold (KL), AngloGold Ashanti (AU), Gold Fields (GFI), Pan American Silver (PAAS), Sibanye Gold (SBGL), Yamana Gold (AUY), Alamos Gold (AGI), Harmony Gold Mining (HMY), First Majestic Silver (AG), Iamgold (IAG), Eldorado Gold (EGO) and Osisko gold royalties (OR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Kinross Gold investors own include Iamgold (IAG), Barrick Gold (GOLD), Yamana Gold (AUY), Newmont Goldcorp (NEM), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Freeport-McMoRan (FCX), Micron Technology (MU) and Eldorado Gold (EGO).

Kinross Gold trades on the New York Stock Exchange (NYSE) under the ticker symbol "KGC."

Kinross Gold's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.55%), Intact Investment Management Inc. (0.18%), CIBC Asset Management Inc (0.14%), Assenagon Asset Management S.A. (0.13%), Hexavest Inc. (0.11%) and NN Investment Partners Holdings N.V. (0.08%).

KGC stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Hexavest Inc., Candriam Luxembourg S.C.A., SG Americas Securities LLC, DORCHESTER WEALTH MANAGEMENT Co, JustInvest LLC, Cambridge Investment Research Advisors Inc., and Pacifica Partners Inc..

KGC stock was acquired by a variety of institutional investors in the last quarter, including Intact Investment Management Inc., Assenagon Asset Management S.A., NN Investment Partners Holdings N.V., First Trust Advisors LP, Envestnet Asset Management Inc., Raymond James Financial Services Advisors Inc., CIBC Asset Management Inc, and Campbell & CO Investment Adviser LLC.

Shares of KGC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of KGC stock can currently be purchased for approximately $9.37.

Kinross Gold has a market capitalization of $11.79 billion and generates $3.50 billion in revenue each year. The mining company earns $718.60 million in net income (profit) each year or $0.34 on an earnings per share basis. Kinross Gold employs 8,970 workers across the globe.

The official website for Kinross Gold is www.kinross.com.

Kinross Gold's mailing address is 25 YORK STREET 17TH FLOOR, TORONTO A6, M5J 2V5. The mining company can be reached via phone at 416-365-5123 or via email at [email protected]