Market Runner: Will Kinross Gold Corporation (USA) Go Down Anytime Soon?

Market Runner: Will Kinross Gold Corporation (USA) Go Down Anytime Soon?

The stock of Kinross Gold Corporation (USA) (NYSE:KGC) is a huge mover today! About 15.03 million shares traded hands. Kinross Gold Corporation (USA) (NYSE:KGC) has risen 12.07% since April 1, 2016 and is uptrending. It has outperformed by 10.86% the S&P500.
The move comes after 5 months positive chart setup for the $5.13 billion company. It was reported on Nov, 3 by Barchart.com. We have $6.89 PT which if reached, will make NYSE:KGC worth $3.28B more.

Kinross Gold Corporation (USA) (NYSE:KGC) Ratings Coverage

Out of 17 analysts covering Kinross Gold Corporation (NYSE:KGC), 8 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 47% are positive. Kinross Gold Corporation has been the topic of 34 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Thursday, July 14, the company rating was upgraded by Jefferies. The rating was upgraded by RBC Capital Markets on Monday, April 11 to “Outperform”. The company was upgraded on Thursday, May 26 by Canaccord Genuity. The firm has “Underperform” rating given on Monday, August 24 by RBC Capital Markets. Deutsche Bank maintained the shares of KGC in a report on Monday, October 5 with “Hold” rating. On Tuesday, March 15 the stock rating was downgraded by Macquarie Research to “Underperform”. The rating was upgraded by BMO Capital Markets on Monday, February 8 to “Outperform”. The firm has “Buy” rating by Bank of America given on Friday, March 11. Raymond James upgraded the stock to “Outperform” rating in Thursday, March 31 report. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) earned “Neutral” rating by Macquarie Research on Friday, July 1.

According to Zacks Investment Research, “Kinross Gold Corporation is a gold mining company. The Company’s mines are located in the regions of South America, North America, West Africa and Russia. Kinross Gold Corporation is based in Toronto, Canada.”

More recent Kinross Gold Corporation (USA) (NYSE:KGC) news were published by: Fool.ca which released: “Barrick Gold Corp. or Kinross Gold Corporation: Which Is the Better Buy Right Now?” on October 18, 2016. Also Fool.ca published the news titled: “Kinross Gold Corporation: Should You Buy the Pullback?” on July 21, 2016. Fool.ca‘s news article titled: “Is Kinross Gold Corporation or Goldcorp Inc. Attractive Today?” with publication date: August 15, 2016 was also an interesting one.

KGC Company Profile

Kinross Gold Corporation is gold mining company. The Firm 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 divisions include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano. The Company’s gold production and exploration activities are carried out in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. The Firm produces gold in the form of dore, which is shipped to refineries for final processing. The Firm also produces and sells silver.

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