Stock Jumping Abnormally High: Kinross Gold Corporation (NYSE:KGC)

Kinross Gold Corporation (NYSE:KGC) Belonging to the Basic Materials sector which declined -1.41% and closed its last trading session at $4.21.

The company reported its last EPS on 6/30/2016 and is expected to report its next EPS on 11/3/2016. Currently, the stock has a 1 Year Price Target of $6.21.

The consensus recommendation, according to Zacks Investment research, is 2.36. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 2.42 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.5 and 2.71 respectively.

Kinross Gold Corporation on 6/30/2016 reported its EPS as $-0.01 with the analysts projecting the EPS of the stock as $0.01. The company beat the analyst EPS Estimate with the difference of $-0.02. This shows a surprise factor of -200%.

Many analysts have provided their estimated foresights on Kinross Gold Corporation Earnings, with 16 analysts believing the company would generate an Average Estimate of $0.05. Whereas they predicted High and Low Earnings Estimate as $0.1 and $0.02 respectively. While in the same Quarter Previous year, the Actual EPS was $-0.02.

Analysts are also projecting an Average Revenue Estimate for Kinross Gold Corporation as $892.14 Million in the Current Quarter. This estimate is provided by 7 analysts. The High Revenue estimate is predicted as 975.75 Million, while the Low Revenue Estimate prediction stands at 703 Million. The company’s last year sales total was 809.4 Million.

For the Current Quarter, the growth estimate for Kinross Gold Corporation is 350%, while for the Next Quarter the stock growth estimate is 200%. In the past 5 years, the stock showed growth of -51.98% per annum. While for the next 5 years, the growth estimate is -30.53%.

The Company got Initiated by Berenberg on 7-Sep-16 to Buy.

20 analysts projected Price Targets for Kinross Gold Corporation. The analysts believe that the company stock price could grow as high as $8. The Low Price target projection by analysts is $4.5 and the Mean Price Target is $6.21.

Kinross Gold Corporation (NYSE:KGC) has the market capitalization of $5.31 Billion. The company rocked its 52-Week High of $5.82 on May 2, 2016 and touched its 52-Week Low of $1.31 on Jan 19, 2016. The stock has Return on Assets (ROA) of -10.8 percent. Return on Equity (ROE) stands at -20.7% and Return on Investment (ROI) of -15.2 percent.

The stock is currently showing YTD performance of 131.32 Percent. The company has Beta Value of 0.24 and ATR value of 0.22. The Weekly and Monthly Volatility stands at 3.98% and 4.85%.

Company profile:

Kinross Gold Corporation is a gold mining company. The Company’s mines are located in the regions of South America, North America, West Africa and Russia. Kinross Gold Corporation is based in Toronto, Canada.