4.46 +0.01 (0.11%)
After hours: 4:04PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||4.37 - 4.55|
|52 Week Range||3.15 - 4.91|
|PE Ratio (TTM)||50.11|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Kinross Gold (KGC) has significantly outperformed gold prices (GLD), the overall gold miners’ index (GDX), as well as its peers in 2017. While the stock rose 38.9%, its close peers Newmont Mining (NEM), Barrick Gold (ABX), and Goldcorp (GG) returned 10.1%, -9.4%, and -6.1%, respectively. Kinross has shown an impressive operational performance in 2017 along with steady execution on its growth projects, which led to the outperformance of the stock.
Along with Agnico Eagle Mines (AEM), Newmont Mining (NEM) has a high percentage of “buy” ratings among the senior miners at 61%. Its target price implies an upside of 11.6% from its current market price of $38.3. Newmont Mining’s stock has not seen any rating change from analysts since July 2017 when Argus upgraded it from “hold” to “buy” with a target price of $43.
Barrick Gold (ABX) underperformed its peers and gold prices in 2017. While ABX’s stock returned -9.4% in 2017, gold prices rose by 12.8% and the VanEck Vectors Gold Miners ETF (GDX) rose by 11.1%. ABX’s close peers such as Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) returned 10.1%, -6.1%, and 38.9%, respectively.
In this series, we’ll discuss analyst ratings and recommendations for gold miners, starting with Barrick Gold. Of the 24 analysts covering Barrick Gold (ABX), only 29% have “buy” recommendations on the stock. Among the senior miner stocks (GDX), Barrick has the lowest percentage of “buy” recommendations. 63% of the analysts rate the stock as a “hold.” The remaining 8% recommend a “sell” for Barrick’s stock.
Kinross Gold Corporation (TSX:K) trades with a trailing P/E of 46.5x, which is higher than the industry average of 11.6x. Although some investors may jump to the conclusion that youRead More...
Precious metals witnessed yet another up day on Thursday, January 4. Gold futures for January expiration ended the day at $1,319.4 per ounce. The US dollar has played a significant role in the price fluctuations of precious metals over the past year.
During the past year, IamGold has seen the highest correlation to gold, while Eldorado Gold has the lowest correlation.
Categories: Yahoo FinanceGet free summary analysis Kinross Gold Corp. reports financial results for the quarter ended September 30, 2017. Highlights Summary numbers: Revenues of USD 828 million, Net Earnings of USD 60.10 million. Gross margins widened from 11.36% to 22.34% compared to the same period last year, operating (EBITDA) margins now 34.75% from 29.94%. Change in operating ... Read more (Read more...)
Along with 20% improvement in production and costs, Goldcorp (GG) laid out its plan in January 2017 to achieve a 20% increase in reserves by 2021.
When analyzing platinum markets, it's important to compare the metal's performance with that of gold, which is the most crucial of the precious metals.
Gold prices in 2017 rose 11% as of December 27, 2017. Gold’s investment appeal faded in 2017 with equities making higher highs.
While gold might benefit briefly from the new year rally, a large portion of the remaining performance will depend on the outlook for the US dollar.
According to the Wall Street analyst consensus, Kinross is expected to have revenues of $3.4 billion in 2017. That implies a fall of 3.2% YoY.