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

Kinross Gold (NYSE:KGC) (TSE:K) issued its earnings results on Wednesday. The mining company reported $0.20 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 Price Performance

KGC opened at $12.17 on Thursday. Kinross Gold has a twelve month low of $4.75 and a twelve month high of $12.28. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 0.67 and a beta of 1.24. 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 company has a fifty day simple moving average of $10.29 and a 200 day simple moving average of $9.79.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a report 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus 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.