Kinross Gold (NYSE:KGC) Announces Quarterly Earnings Results

Kinross Gold (NYSE:KGC) (TSE:K) announced its earnings results on Wednesday. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03), Zacks reports. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%.

Kinross Gold Trading Up 0.9 %

NYSE:KGC opened at $12.17 on Thursday. The company has a market cap of $14.96 billion, a PE ratio of 19.95, a P/E/G ratio of 0.67 and a beta of 1.24. The business’s 50 day moving average is $10.29 and its two-hundred day moving average is $9.79. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. Kinross Gold has a 52 week low of $4.75 and a 52 week high of $12.28.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $11.13.

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.