Kinross Gold Co. (NYSE:KGC – Get Free Report) (TSE:K) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 7,980,000 shares, a growth of 7.1% from the December 31st total of 7,450,000 shares. Based on an average daily volume of 16,430,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the company’s stock are sold short.
Kinross Gold Stock Up 0.0 %
NYSE:KGC traded up $0.01 during trading hours on Tuesday, hitting $11.46. 10,590,250 shares of the stock traded hands, compared to its average volume of 20,965,896. The firm has a 50 day moving average price of $10.01 and a 200 day moving average price of $9.64. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. Kinross Gold has a fifty-two week low of $4.75 and a fifty-two week high of $11.68. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 0.61 and a beta of 1.23.
Kinross Gold (NYSE:KGC – Get Free Report) (TSE:K) last announced its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.12 earnings per share. Kinross Gold’s quarterly revenue was up 29.9% compared to the same quarter last year. Equities research analysts anticipate that Kinross Gold will post 0.72 earnings per share for the current year.
Institutional Trading of Kinross Gold
Wall Street Analyst Weigh In
Separately, StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinross Gold currently has an average rating of “Buy” and an average price target of $11.13.
Read Our Latest Analysis on Kinross Gold
Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.
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