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

Kinross Gold (NYSE:KGC) (TSE:K) released its earnings results on Wednesday. The mining company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03), Zacks reports. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%.

Kinross Gold Trading Up 0.9 %

KGC traded up $0.11 on Wednesday, hitting $12.17. 21,776,173 shares of the company were exchanged, compared to its average volume of 21,730,584. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. Kinross Gold has a 12 month low of $4.75 and a 12 month high of $12.28. The firm has a fifty day simple moving average of $10.29 and a two-hundred day simple moving average of $9.79. The stock has a market capitalization of $14.96 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One equities research 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’s stock. Based on data from MarketBeat, the company 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.