Kinross Gold (NYSE:KGC) announced its earnings results. The company reported $0.03 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.03, ARN reports. The company had revenue of $817.40 million for the quarter, compared to the consensus estimate of $789.88 million. During the same quarter last year, the company posted $0.15 earnings per share. Kinross Gold’s revenue was down 22.7% compared to the same quarter last year. Kinross Gold Corporation (USA) (NYSE:KGC) net profit margin is -99.00% and weekly performance is -1.72%. On last trading day company shares ended up $3.99. Analysts mean target price for the company is $5.59. Kinross Gold Corporation (USA)(NYSE:KGC) distance from 50-day simple moving average (SMA50) is –10.84%.
Yamana Gold Inc. (USA) (NYSE:AUY) has posted lower revenue during the recent quarter. Yamana Gold posted revenues of $353.9 million in the 1Q2014. During the same quarter last year, the company posted revenues of $534.9 million. The earnings from mine operation were $33.1 million, whereas the earnings were $208 million in 1Q2013. During 1Q2014, lower revenues and lower mine operating earnings happened because of reduced metal prices and low sales of gold and copper. There was 9.6 K ounces of unsold production remained with the company during this quarter. Lower metal prices further pushed the revenue below. Yamana Gold Inc. (USA)(NYSE:AUY) shares fell -0.83% in last trading session and ended the day on $7.29. AUY Gross Margin is 47.10% and its return on assets is -4.90%. Yamana Gold Inc. (USA)(NYSE:AUY) quarterly performance is -18.31%.
Ceres Inc. (NASDAQ:CERE), an agricultural biotechnology and seed company, is expanding its current research activities in Mexico. The company’s northern hemisphere plant breeding sites complement its product development activities in Brazil, where the company is commercializing sweet and high-biomass sorghum hybrids for use in renewable fuel and electricity production. Ceres Inc(NASDAQ:CERE) shares moved down -5.22% in last trading session and was closed at $0.517, while trading in range of $0.51 – 0.55. Ceres Inc (NASDAQ:CERE) year to date (YTD) performance is -62.50%.
The junior gold explorer begun its 2014 drilling program at Bruner in early March, after closing the financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million, with expectations that the $1.75 million campaign will take about six months to complete. The program is to be made up of roughly 1,000 metres of core drilling and 9,000 metres of reverse circulation drilling. Gold Resource Corporation (NYSEMKT:GORO) ended the last trading day at $3.71. Company weekly volatility is calculated as 5.80% and price to cash ratio as 13.40. Gold Resource Corporation (NYSEMKT:GORO) showed a negative weekly performance of -16.63%.