Bank of America Corp. downgraded Kinross Gold Corporation (USA) (NYSE:KGC) to Neutral in a report released today.
- Updated: November 27, 2016
Bank of America Corp. has downgraded Kinross Gold Corporation (USA) (NYSE:KGC) to Neutral in a statement released on 11/22/2016.
Boasting a price of $3.33, Kinross Gold Corporation (USA) (NYSE:KGC) traded 0.00% even on the day. The last closing price is down -30.12% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. KGC has recorded a 50-day moving average of $3.69 and a 200-day moving average of $4.54. 5,968,884 shares of the stock traded, down from an avg. volume of 16,670,500
Kinross Gold Corporation (USA) has a 52 week low of $1.31 and a one year high of $5.82 Kinross Gold Corporation (USA)’s market capitalization is currently $0.
Also covering Kinross Gold Corporation (USA)'s price target, a total of 19 brokerages have issued a ratings update on Kinross Gold Corporation (USA). The 12-month price target is $5.58 with two equity analysts rating the company a strong buy, five brokers rating the stock a buy, 11 brokers rating the stock a hold, 2 firms rating the stock a underperform, and finally 2 brokerages rating the stock a sell.
Brief Synopsis On Kinross Gold Corporation (USA) (NYSE:KGC)
Kinross Gold Corporation is gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. Its segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano. The Fort Knox mine is located near Fairbanks, Alaska. The Round Mountain open pit mine is located in Nye County, Nevada. The Maricunga open pit mine (formerly known as the Refugio mine) is located approximately 120 kilometers northeast of Copiapo, Chile. The Paracatu open pit mine is located in the State of Minas Gerais, Brazil. The Tasiast mine is an open pit operation located in north-western Mauritania and is over 300 kilometers north of the capital Nouakchott. The Chirano is located in southwestern Ghana, over 100 kilometers southwest of Kumasi, Ghana. It also produces and sells silver.
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