2.90 0.00 (0.00%)
After hours: 4:15PM EDT
|Bid||2.88 x 900|
|Ask||2.92 x 38500|
|Day's Range||2.84 - 3.02|
|52 Week Range||2.67 - 4.78|
|Beta (3Y Monthly)||0.35|
|PE Ratio (TTM)||9.39|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The analyst at JPMorgan Chase & Co. (JPM) took action on gold mining stocks on Monday. JPMorgan maintained its neutral rating on Barrick Gold Corp. (ABX). The stock closed up 2.4% Monday, and the market capitalization is $12.09 billion.
Compounded with the drop in the price of gold, mixed earnings reports sent several gold mining companies' stocks south in the final days of summer.
Kinross Gold Corp. (KGC) was flat on Thursday and closed at $2.80 per share on the New York Stock Exchange following the news that Credit Suisse has reinstated its coverage on the Canadian gold stock with a neutral rating. Warning! GuruFocus has detected 3 Warning Signs with KGC. The rating of Credit Suisse is preceded by four ratings that Kinross Gold Corp. received over the last 12 months.
Kinross Gold (KGC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Cheap stocks are never “sure things.” There are many cheaply traded companies, even penny stocks, under $10 right now that deserve to be there and will only get cheaper. Keep in mind that share value is all relative, however, among cheap stocks as well as expensive ones. The same is true for cheap stocks.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to begin learning about how toRead More...
Kinross Gold (KGC) delivered earnings and revenue surprises of 0.00% and -3.24%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Toronto-based company said it had profit of less than 1 cent. Earnings, adjusted for non-recurring costs, were 3 cents per share. The results matched Wall Street expectations. ...
Kinross Gold Corp said on Wednesday it was "pausing" expansion work at its Tasiast gold mine in Mauritania after a government request for talks to improve the country's economic benefits from the miner's activities. Kinross was asked to enter "mutually beneficial" discussions in May, in a letter from the government that also affirmed its earlier rejection of a permit to advance a Kinross exploration project. The Canadian miner said it was studying alternative options to boost capacity at its mill and continued to engage with the African country's government to clarify the issue.
In this part, we’ll discuss what analysts expect for these gold miners’ (RING) earnings. In line with lower revenues, Barrick Gold’s (ABX) EBITDA are also expected to fall. Barrick is expecting its all-in sustaining costs for 2018 to be $765–$815 per ounce, compared to $710–$770 per ounce in 2017.
Analyst estimates for gold miners’ (GDX) revenues can give us a good idea about their outlook on gold prices (GLD) as well as companies’ production growth. In this part of our series, we’ll assess analysts’ revenue expectations for gold companies in the second quarter and beyond. Analysts expect Barrick Gold (ABX) to generate revenues of ~$1.84 billion in the second quarter.
Approximately one-quarter of rated North American chemical, metals and mining, paper, forest products and packaging companies were within two notches of the investment-grade/speculative-grade border as of mid-2018, but few are likely to cross over in either direction before 2020, Moody's Investors Service says in a new report. "We expect few basic materials companies to become rising stars, or cross from speculative-grade to investment grade status, through 2019," says Dawei Ma, Associate Analyst at Moody's and co-author of the report. Some firms currently rated Ba1, including Ball Corporation and Graphic Packaging International, LLC, appear to prefer the financial flexibility of a speculative-grade company and do not want to commit to the more conservative financial policies needed for an investment-grade rating, adds Ma.
Gold hasn’t exactly glittered over the last few weeks. After hitting a recent high back in March, the uber-popular SPDR Gold Shares (NYSEARCA:GLD) has spent the rest of the year falling, and is now about 8% lower. All in all, a variety of factors and issues have continued to pressure the metal itself and the various gold stocks that produce it.
The VanEck Vectors Gold Miners ETF (GDX) has returned -2.3%, and the SPDR Gold Trust (GLD), which tracks gold’s physical price, has returned -0.2%. Kinross Gold was punished mainly because of its exposure to Russia through two of its mines.