Somewhat Positive Press Coverage Somewhat Unlikely to Impact Kinross Gold (KGC) Share Price

Media headlines about Kinross Gold (NYSE:KGC) (TSE:K) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news 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 earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the mining company an impact score of 48.1427012237596 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Kinross Gold in a research report on Thursday, September 7th. Citigroup raised shares of Kinross Gold from a “sell” rating to a “neutral” rating and raised their price target for the company from $3.25 to $4.75 in a research report on Friday, September 1st. ValuEngine raised shares of Kinross Gold from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $5.25 price target on shares of Kinross Gold in a research report on Wednesday, September 20th. Finally, BidaskClub raised shares of Kinross Gold from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.88.

Shares of Kinross Gold (KGC) traded down $0.03 during mid-day trading on Wednesday, hitting $3.90. 5,933,664 shares of the stock traded hands, compared to its average volume of 11,019,557. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.18 and a current ratio of 3.96. Kinross Gold has a 12 month low of $2.88 and a 12 month high of $4.91. The stock has a market cap of $5,025.41, a price-to-earnings ratio of 44.78 and a beta of 0.11.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Kinross Gold had a net margin of 3.28% and a return on equity of 2.58%. The company had revenue of $828.00 million during the quarter, compared to analyst estimates of $787.40 million. During the same quarter last year, the business posted $0.10 EPS. Kinross Gold’s quarterly revenue was down 9.0% compared to the same quarter last year. equities research analysts anticipate that Kinross Gold will post 0.14 earnings per share for the current fiscal year.

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Kinross Gold 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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