Kinross Gold (NYSE:KGC) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Kinross Gold (NYSE:KGC) (TSE:K) announced its quarterly earnings data 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 %

KGC traded up $0.11 on Wednesday, hitting $12.17. The company had a trading volume of 21,776,173 shares, compared to its average volume of 21,730,584. The company’s fifty day moving average price is $10.29 and its 200 day moving average price is $9.79. Kinross Gold has a 1 year low of $4.75 and a 1 year high of $12.28. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The firm has a market cap of $14.96 billion, a P/E ratio of 19.95, a PEG ratio of 0.67 and a beta of 1.24.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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 given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kinross Gold 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.