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Kinross Gold Corp Add to portfolio

TSP:K, Aug 17, 03:48 UTC

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Wednesday, August 08


News

Kinross Gold Corporation (KGC) added to 29 new portfolios

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Kinross Gold Corporation (NYSE:KGC) produced a -2.35% rally since recording the worst price of $3.4. This company shares are 47.29% off its target price of $4.89 and the current market capitalization stands at $4.31B. To measure price-variation, we found KGC’s volatility during a week at 2.88% and during a month it has been found around 2.43%.Kinross Gold Corporation (KGC) Top Holders. At the end of March reporting period, 108 institutional holders increased their position in Kinross Gold Corporation (NYSE:KGC) by some 58,980,822 shares, 105 decreased positions by 69,888,095 and 57 held positions by 559,888,278.

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Tuesday, August 07


News

Kinross (KGC) Q2 Earnings In Line, Revenues Miss Estimates

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Kinross Gold Corporation Price, Consensus and EPS Surprise | Kinross Gold Corporation Quote. All-in sustaining cost per gold equivalent ounce sold increased to $1,018 from $910 a year ago.Margin per gold equivalent ounce sold was $539 in the quarter, down from $600 a year ago.Average realized gold prices was $1,306 per ounce in the quarter, up 9% from $1,260 a year ago.Financial ReviewAdjusted operating cash flow was $231.5 million, slightly up from $230.8 million in the prior-year quarter. All-in sustaining cost is expected to be $975 (+/- 5%) per gold equivalent ounce.For 2018, Kinross continues anticipating capital expenditures of roughly $1,075 million.Price PerformanceShares of Kinross have lost 15.4% in the past three months, underperforming the industry’s 6.1% decline. Zacks Rank & Key PicksKinross currently has a Zacks Rank #3 (Hold).A few better-ranked stocks in the basic materials space are KMG Chemicals, Inc KMG, CF Industries Holdings, Inc. CF and Celanese Corporation CE, each sporting a Zacks Rank #1 (Strong Buy).

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Monday, August 06


News

Kinross Gold’s Balance Sheet at the End of Q2 2018

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Kinross Gold’s (KGC) liquidity position at the end of the second quarter wasn’t much different than it was at the end of the first quarter. It ended the second quarter with cash and cash equivalents of $918.7 million. Investors should note that this liquidity position is more significant since the company doesn’t have any debt maturity until 2021.

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News

What Led to Kinross Gold’s Higher Costs in the Second Quarter?

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Compared to its closest peers, Kinross Gold (KGC) has been a high-cost gold producer. Higher costs make its cash flows more leveraged against changes in revenue. As a result, Kinross is highly leveraged to gold prices compared to its peers (GDX) Goldcorp (GG), Barrick Gold (ABX), and Newmont Mining (NEM).

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Friday, August 03


News

Kinross Gold’s Tasiast Expansion on Hold: What’s in the Future?

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Along with its Q2 2018 results, Kinross Gold (KGC) provided an update on its organic development projects. The construction of Kinross Gold’s Tasiast Phase One expansion is complete, and its first ore has gone through a Semi-Autogenous Grinding (or SAG) mill. The company also stated that during the past month, throughput has continued to ramp up and has peaked at 12,000 tons per day. As we highlighted in Geopolitical Concerns Overwhelm Kinross Gold, Stock Plunges 11%, the company received a letter in May from the government of Mauritania about its desire to participate more in the company’s activities in the country.

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News

Here’s What Led to Weaker Production for Kinross Gold in Q2 2018

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Kinross Gold (KGC) produced 602,049 gold equivalent ounces in Q2 2018, a 13% fall YoY (year-over-year). Higher production at Bald Mountain was partially offset by decline resulting from the above factors. In the Americas region, Bald Mountain’s production declined sequentially due to the timing of the ounces recovered from the heap leach pads.

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News

Why Kinross Gold Stock Plunged despite In-Line Earnings

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Kinross Gold (KGC) released its Q2 2018 results after the market closed on August 1 and held the conference call the next day. Most of Kinross’s peers have already reported their Q2 2018 results. Barrick Gold (ABX), Goldcorp (GG), and Agnico Eagle Mines (AEM) missed their earnings estimates. Agnico Eagle Mines missed its earnings estimate by a wide margin and reported EPS of $0.01.

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Thursday, August 02


Social Chatter
News

Kinross Gold's Paracatu mine saw 'stellar throughput' in Q2 - BNamericas

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Start a free trial, to unlock the full potential of a subscription to BNamericas. Kinross Gold's Paracatu mine in Brazil has achieved the highest quarterly throughput of the past four years, according to a company ... Subscriber-Only Content. BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business. This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America.

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News

Kinross Gold (KGC) Meets Q2 Earnings Estimates - August 2, 2018

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A quarter ago, it was expected that this gold mining company would post earnings of $0.05 per share when it actually produced earnings of $0.10, delivering a surprise of 100%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Kinross Gold was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.

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