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

Kinross Gold (NYSE:KGC) (TSE:K) announced its quarterly earnings results 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 Stock 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 stock has a fifty day simple moving average of $10.29 and a 200-day simple moving average of $9.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The firm has a market capitalization of $14.96 billion, a P/E ratio of 19.95, a P/E/G ratio of 0.67 and a beta of 1.24. Kinross Gold has a 52-week low of $4.75 and a 52-week high of $12.28.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $11.13.

About Kinross Gold

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.