|Bid||12.62 x 100|
|Ask||12.65 x 200|
|Day's Range||13.29 - 13.76|
|52 Week Range||11.64 - 17.28|
|PE Ratio (TTM)||17.76|
|Forward Dividend & Yield||0.08 (0.59%)|
|1y Target Est||17.89|
Compared to its closest peers, Kinross Gold (KGC) has been a higher-cost gold producer. As a result, Kinross Gold is highly leveraged to gold prices compared to its peers (GDX) Goldcorp (GG), Barrick Gold (ABX), and Newmont Mining (NEM). In this part of the series, we’ll see how Kinross is trying to improve its unit costs.
Kinross Gold (KGC) produced 652,710 gold equivalent ounces (or GEOs) for 4Q17 and 2.67 million GEO for 2017. The Americas accounted for 61% of Kinross’s production in 2017. The production at Fort Knox declined YoY, primarily due to lower tons placed on the heap leach pad.
Gold miners (GDX)(GDXJ) face the problem of compensating for every ounce they take out of the ground. Kinross Gold (KGC) has continued to use a gold price assumption of $1,200 per ounce for reserves and $1,400 per ounce for resources since 2011 to estimate reserves and resources at the end of 2017. Kinross’s reserves were 16% lower, at 25.9 million ounces, at the end of 2017 than in 2016.
Senior gold miners, which are large, established miners with various assets in multiple geographies, usually have lower-risk and highly liquid stocks. While there are variations between different miners, as a group, they usually follow gold prices. Senior miners Barrick Gold (ABX), Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) make up a substantial 25.4% of the VanEck Vectors Gold Miners ETF (GDX).
Kinross Gold (KGC) also provided an update on its organic development projects along with the 4Q17 and 2017 results. At Round Mountain Phase W, the stripping and initial construction commenced ahead of schedule in late 2017. Kinross Gold’s management maintained, during its latest earnings call, that the Tasiast Phase One expansion is proceeding on schedule and on budget.
Kinross Gold (KGC) released its 4Q17 and 2017 results on February 14, after the market closed, and held a conference call with analysts on February 15. Kinross Gold stock dropped ~7% on February 15, underperforming the VanEck Vectors Gold Miners ETF (GDX), which fell just 1.0%. Goldcorp (GG) and Barrick Gold (ABX) also released their 4Q17 results on February 14 and held earnings calls the next day.
Goldcorp's (GG) adjusted earnings in Q4 miss the Zacks Consensus Estimate. It expects gold production to be around 2.5 million ounces for 2018 while AISC is expected to improve to $800 per ounce.
NEW YORK, NY / ACCESSWIRE / February 15, 2018 / Goldcorp Inc. (NYSE: GG ) will be discussing their earnings results in their Q4 Earnings Call to be held on February 15, 2018 at 1:00 PM Eastern Time. To ...
The Vancouver, British Columbia-based company said it had profit of 28 cents per share. Earnings, adjusted for non-recurring gains, were 10 cents per share. The results did not meet Wall Street expectations. ...
Goldcorp (GG) got the earnings season for gold miners off to a nice start with fourth-quarter profits that beat the Bloomberg consensus by 17 cents. Then Barrick Gold (ABX), the world's biggest gold producer by ounces, reported an adjusted net earnings result of 22 cents a share, which beat the Bloomberg consensus estimate by a penny. Clearly Goldcorp, which Barron's touted in a lengthy feature story last month, has the most to crow about with its results.
VANCOUVER , Feb. 14, 2018 /PRNewswire/ - GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp" or the "Company") is pleased to report its fourth quarter and full year 2017 results. Fourth ...
Canada's main stock index rose on Wednesday after investor sentiment rebounded following a bullish U.S. inflation report and energy stocks rallied on strong oil prices. U.S. consumer prices rose at a faster-than-expected ...
Canada's main stock index was little changed on Wednesday after a robust U.S. inflation report weighed on investor sentiment, while mining stocks climbed with commodity prices. U.S. consumer prices rose ...
On Wednesday, Goldcorp (NYSE: GG ) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release. Earnings and Revenue Wall Street expects ...
That climb in rates has had everyone uptight about the inflation outlook. But the market you would expect to reflect inflation fears hasn't been telling the inflation story at all.
Three major gold miners will report earnings in the next two days. As weary investors have known for years, the metal itself or financial equivalents like SPDR Gold Trust (GLD) are usually the better bet than the leading companies who mine for the metal. And that's even the case when the price of the metal is rising, which theoretically, at least, is supposed to be a time when the miners outperform the metal. Over the past 12 months, thanks in part to a falling dollar and solid global economic growth, the price of gold has risen, with SPRD Gold Trust up 8% almost half of the gain of the S&P 500 during that period.
China Goldcorp Ltd (TSXV:CAU.H), a CA$641.06K small-cap, is a capital market firm operating in an industry, which now face the choice of either being disintermediated or proactively disrupting their ownRead More...
Owning gold can be a store of value and a hedge against unexpected inflation. Holding physical gold, however, can be cumbersome and costly. Fortunately, there are several ways to own gold without keeping ...
Could Gold Catch a Bid if Equities Stay Weak in 2018? The CFTC (Commodity Futures Trading Commission) releases the Commitment of Traders (or COT) report every Friday. While producers hedge the risks associated with physical commodities, swap dealers hedge the risks associated with swap transactions.
The data provided a boost to inflation expectations and consequently to rate hike expectations. Higher interest rates in the United States make the country an attractive destination to park funds from overseas, increasing the US dollar’s value relative to other currencies. The latest boost to the dollar came after President Trump’s comments that the dollar would strengthen on the back of a growing US economy.