|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.58 - 3.69|
|52 Week Range||3.35 - 4.91|
|PE Ratio (TTM)||10.34|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.32|
In this article, we’ll discuss the market sentiments for these companies. Among the senior gold miners under review (GDX) (GDXJ), analysts are most optimistic about Goldcorp (GG). It has the most “buy” ratings at 65%, with only 5% “sell” ratings.
Kinross (KGC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
TORONTO, March 15, 2018-- Kinross Gold Corporation announced today that it has adopted a new shareholder rights plan to take effect on March 29, 2018. The New Plan will replace the current shareholder ...
Penny Stocks are highly risky investments, although if picked correctly, they can also translate into very high returns. Most penny stocks trade over-the-counter and are quoted on separate boards, like the OTC Bulletin Board or OTC Link and have low trading volumes and may trade infrequently, which may create difficulties when selling the shares. However, […]
One way to assess a company’s liquidity is to calculate its current ratio. Newmont Mining (NEM) and Kinross Gold (KGC) are doing the best among senior miners on this front with ratios of 3.6x and 3.9x, respectively. Goldcorp (GG) and Yamana Gold (AUY), on the other hand, have the lowest current ratios of 0.9x and 1.0x, respectively.
As metals prices started weakening, investors shifted their focus from high-leverage miners (GDX) (GDXJ) to low-leverage miners with sound growth plans, leading miners to trim their balance sheets. After reducing its debt by $1.3 billion in 2016, Newmont Mining (NEM) reduced its net debt by ~$1.0 billion in 2017. It ended 4Q17 with net debt of $0.8 billion.
Mining stocks’ correlation with gold is crucial since gold is the big brother of precious metals. The directional move in the remaining three precious metals—silver, platinum, and palladium—often depends on gold. For our correlation analysis, we’ll look at AngloGold Ashanti (AU), Hecla Mining (HL), Kinross Gold (KGC), and Eldorado Gold (EGO). Mining-based funds also have a high correlation with precious metals.
Gold miners (GDX) (GDXJ) have to compensate for every ounce they take out of the ground. While mines have finite lives, the companies operating them don’t, so it’s important to look at miners’ reserves and resource estimates and the assumptions used to calculate them. Goldcorp’s (GG) proven and probable gold reserves as of June 30, 2017, were 53.5 million ounces, an improvement of 26.5% YoY (year-over-year).
NEW YORK, March 14, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
After making discretionary cuts on exploration and capital expenditure for many years, gold miners (GDX) (JNUG) have started to refocus on production growth. In the last three years, Newmont Mining (NEM) has built its Merian and Long Canyon mines on time and 20% below budget. The company also sounds confident about finishing its next project, Northwest Exodus, in 2018.
Goldcorp’s (GG) gold (GLD) (NUGT) production fell 15% to 646,000 ounces YoY (year-over-year) in 4Q17. Goldcorp has guided for production of 2.5 million ounces in 2018 with a variance of plus or minus 5%, which is in line with its previous 2018 guidance as well as its guidance for 2017. In 4Q17, Barrick Gold (ABX) produced ~1.3 million ounces of gold, a fall of 11.8% YoY.
The latest earnings update Kinross Gold Corporation’s (TSX:K) released in December 2017 showed that the business finally turned profitable after delivering losses on average over the past couple of years.Read More...
For Kinross, meeting guidance for production, costs, and capital expenditures for the sixth consecutive year wasn't enough to impress investors.