Kinross Gold Corporation (USA) (NYSE:KGC) had suffered a net loss of $1,473.5 million in the fourth quarter of 2014.Raymond Billings (Author) Published Date : Feb 19, 2015 23:18 IST
It was reported that Kinross Gold Corporation (USA) (NYSE:KGC) had suffered a huge loss in the region, $1,473.5 (1.29 per share) million in the fourth quarter of 2014. They suffered a net loss of $740 million (65 cents a share) in the same quarter a year ago.
On 10th February Kinross Gold Corporation (NYSE:KGC) released the data for their quarterly earnings for the period of December 31st 2014. The company said, Actual earnings per share of -$0.01 against Zack s Research estimate of $0.01. This represents a 200% ($0.02) surprise downside to the expected number .
Based on the 16 recommendations the average broker recommendation according to Zacks is 2.28. Based on an agreement, the market analysts have determined a short term target price of $3.99. The company stands at 83 out of 265 gold Mining Companies. According to the market observers on short term performance over the next one to three months, Zacks provides a recent quarter EPS estimate of 0.02 and a Hold rating of 3. According to the recent market data of the companies included in the Zack s approval rating, 4 rate the stock a Strong Buy, 3 rate it a buy and 9 see it as a Hold.
Kinross and its subsidiaries are well known for mining and processing of god and silver raw metals. They are also well known around the world, as the company is involved into exploration, acquisition, development, and operation of gold bearing properties. The company and its subsidiaries have operation in Canada, the United States, the Russian Federation, Brazil, Ecuador, Chile, Ghana, and Mauritania. According to a recent released data, as of December 31, 2013, the company has confirmed the possible reserve, which includes 42.8 million ounces of gold, 44.8 million ounces of silver, and 1.4 billion pounds of copper. According to the company records, Kinross Gold Corporation (USA) (NYSE:KGC) was established in Toronto, Canada in 1972.
Kinross Gold Corporation (USA) (NYSE:KGC) had suffered a net loss of $1,473.5 million in the fourth quarter of 2014.