Upgrades And Downgrades For Kinross Gold Corporation (NYSE:KGC)

In order to reach at price target analysts use several metrics to determine where stock might be headed, among commonly used metrics is PEG.

The stock price demonstrated downbeat change from its 50 day moving average of 4.94 and had been up from its 200 Day Moving Average of 3.15. Revenue for the quarter was $809.4M while analysts had expected revenues to come in at $719.08M. During the last trading session, the share’s price moved up +305.34% from its one year low and -8.76% lower from its one year high. However, 12 analysts recommended “HOLD RATING” for the company.

Kinross Gold Corporation (NYSE:KGC) initiated the shares trading at $5.16 and showed positive change of +2.31% while the stock’s final trade was registered at $ 5.31. First Eagle Investment Management LLC boosted its position in shares of Barrick Gold by 40.4% in the fourth quarter.

Earnings Track Record: If history is anything to go by, Kinross Gold Corporation (KGC) managed to beat quarterly EPS forecasts in 5 of the trailing three fiscal years, and has a positive trend with an average surprise of 41%. About 17.53M shares traded hands or 5.60% up from the average.

VeriFone Systems, Inc. (NYSE:PAY) revealed earnings for its second quarter that increased compared to the same period previous year.

Analysts are projecting that the shares of Barrick Gold Corporation (NYSE:ABX) will range from a high of $10.5 to $22, with a deviation of $3.344. Equities research analysts predict that Barrick Gold will post $0.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. The stock’s market capitalization is 1.55B.

05/11/2016 – Kinross Gold Corporation had its “buy” rating reiterated by analysts at TD Securities. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Thursday, May 26th. Credit Suisse reaffirmed a “neutral” rating and set a $11.00 price target (up from $10.00) on shares of Barrick Gold in a report on Tuesday, February 23rd. The total 3.91 million shares were bought and sold throughout the most recent trading session less than average volume of 4.64 million shares. BlackRock Group LTD raised its stake in shares of Barrick Gold by 455.6% in the first quarter. The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. “0” brokerage firms have rated the company as a “Hold”. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.