What’s in Kinross Gold Corporation After Today’s Huge Decline?

 What's in Kinross Gold Corporation After Today's Huge Decline?

The stock of Kinross Gold Corporation (TSE:K) is a huge mover today! About 2.67 million shares traded hands. Kinross Gold Corporation (TSE:K) has declined 13.75% since April 8, 2016 and is downtrending. It has underperformed by 18.74% the S&P500.
The move comes after 9 months negative chart setup for the $4.93B company. It was reported on Nov, 14 by Barchart.com. We have $4.00 PT which if reached, will make TSE:K worth $394.40 million less.

Kinross Gold Corporation (TSE:K) Ratings Coverage

Out of 5 analysts covering Kinross Gold Corporation (TSE:K), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Kinross Gold Corporation has been the topic of 13 analyst reports since September 1, 2015 according to StockzIntelligence Inc. JP Morgan initiated the shares of K in a report on Thursday, February 4 with “Neutral” rating. Scotia Capital maintained Kinross Gold Corporation (TSE:K) on Thursday, November 3 with “Sector Perform” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, November 24. The stock has “Outperform” rating given by RBC Capital Markets on Friday, September 23. RBC Capital Markets maintained the shares of K in a report on Friday, August 26 with “Outperform” rating.

Another recent and important Kinross Gold Corporation (TSE:K) news was published by Fool.ca which published an article titled: “Barrick Gold Corp. or Kinross Gold Corporation: Which Is the Better Buy Right Now?” on October 18, 2016.

Kinross Gold Corporation is gold mining company. The company has a market cap of $4.93 billion. 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. It currently has negative earnings. The Company’s divisions include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

K.TO 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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