Kinross Gold (NYSE:KGC) Getting Somewhat Favorable News Coverage, Report Finds

News stories about Kinross Gold (NYSE:KGC) (TSE:K) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kinross Gold earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media stories about the mining company an impact score of 47.1317836423946 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of research analysts have recently weighed in on KGC shares. Macquarie upgraded Kinross Gold from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $4.40 to $4.37 in a research report on Friday, November 10th. Zacks Investment Research lowered Kinross Gold from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. TD Securities set a $6.00 price target on shares of Kinross Gold and gave the company a “buy” rating in a report on Thursday, October 19th. Royal Bank of Canada set a $5.00 price target on shares of Kinross Gold and gave the company a “buy” rating in a report on Monday, October 30th. Finally, BMO Capital Markets set a $5.00 price target on shares of Kinross Gold and gave the company a “buy” rating in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.86.

Shares of Kinross Gold (NYSE:KGC) traded up $0.05 during trading hours on Wednesday, hitting $4.31. 662,041 shares of the stock were exchanged, compared to its average volume of 11,146,670. The stock has a market capitalization of $5,387.04, a price-to-earnings ratio of 48.00 and a beta of 0.10. Kinross Gold has a fifty-two week low of $3.15 and a fifty-two week high of $4.91. The company has a current ratio of 3.96, a quick ratio of 2.18 and a debt-to-equity ratio of 0.39.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. The business had revenue of $828.00 million for the quarter, compared to analyst estimates of $787.40 million. Kinross Gold had a net margin of 3.28% and a return on equity of 2.58%. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. sell-side analysts expect that Kinross Gold will post 0.15 EPS for the current fiscal year.

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Kinross Gold Company Profile

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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