Kinross Gold Corporation (KGC) Receives Coverage Optimism Score of 0.20

Media stories about Kinross Gold Corporation (NYSE:KGC) (TSE:K) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kinross Gold Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned press coverage about the mining company an impact score of 46.4795848443225 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern’s scoring:

Kinross Gold Corporation (NYSE:KGC) opened at 3.95 on Wednesday. The company’s 50 day moving average is $4.29 and its 200 day moving average is $4.17. The firm has a market cap of $4.93 billion, a P/E ratio of 94.05 and a beta of 0.12. Kinross Gold Corporation has a 52-week low of $2.88 and a 52-week high of $4.91.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, August 2nd. The mining company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $868.60 million for the quarter, compared to the consensus estimate of $825.02 million. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Equities research analysts forecast that Kinross Gold Corporation will post $0.12 EPS for the current fiscal year.

Several research firms have recently issued reports on KGC. National Bank Financial reissued a “sector perform market weight” rating on shares of Kinross Gold Corporation in a research note on Thursday, August 3rd. Berenberg Bank reissued a “hold” rating and set a $4.60 target price on shares of Kinross Gold Corporation in a research note on Friday, August 4th. BidaskClub raised shares of Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $5.00 target price on shares of Kinross Gold Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, ValuEngine raised shares of Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.19.

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Kinross Gold Corporation 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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