Shares of Kinross Gold Corporation (USA) (NYSE:KGC) have received a consensus rating of “Hold” from the twenty ratings firms that are presently covering the stock, American Banking News.com reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $5.74. Kinross Gold Corporation (USA) (NYSE:KGC) net profit margin is -99.00% and weekly performance is -1.70%. On last trading day company shares ended up $4.05. Analysts mean target price for the company is $5.54. Kinross Gold Corporation (USA) (NYSE:KGC) distance from 50-day simple moving average (SMA50) is -9.03%.
The company cleaning up the Con Mine site in Yellowknife says it needs more time to remediate the area. Earlier this week, Newmont Mining Corp (NYSE:NEM) asked the Mackenzie Valley Land and Water Board to extend its water licence. The current licence expires in November, but Newmont Mining Corp (NYSE:NEM) wants an extra four years. The company says the transfer of ownership of the old mine site from Miramar Northern Mining Corp (NYSE:NEM) delayed the clean-up process. Newmont Mining Corp (NYSE:NEM) says there are still a number of outstanding jobs, including covering tailings ponds and hazardous waste sites. Newmont needs to complete this final remediation work before the city can start work on its proposed recreation site for the area. Newmont Mining Corp (NYSE:NEM) shares advanced 0.08% in last trading session and ended the day on $24.02. NEM Gross Margin is 33.90% and its return on assets is -10.40%. Newmont Mining Corp (NYSE:NEM) quarterly performance is 12.30%.
Gold miner Goldcorp Inc. (USA) (NYSE:GG) announced that its Los Filos mine in Guerrero State, Mexico has resumed operations after reaching a new five-year occupancy agreement with the Carrizalillo Ejido. The operations at the mine had been suspended since Apr 2, 2014. Goldcorp Inc. (USA) (NYSE:GG) shares moved down -0.12% in last trading session and was closed at $24.85, while trading in range of $24.65 – $25.01. Goldcorp Inc. (USA) (NYSE:GG) year to date (YTD) performance is 15.58%.
Shares of New Gold Inc. (USA) (NYSE:NGD) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 4,186,766 shares, a drop of 9.5% from the April 15th total of 4,625,331 shares, Stock Ratings Network.com reports. Based on an average daily volume of 2,154,935 shares, the short-interest ratio is presently 1.9 days. Currently, 0.9% of the shares of the company are sold short. New Gold Inc. (USA) (NYSEMKT:NGD) ended the last trading day at $4.95. Company weekly volatility is calculated as 3.07% and price to cash ratio as 5.72. New Gold Inc. (USA) (NYSEMKT:NGD) showed a negative weekly performance of -4.62%.
Harmony Gold Mining Co. (ADR) (NYSE:HMY), South Africa’s third-largest producer of the metal, said it’s monitoring a potential merger between Barrick Gold Corp. and Newmont Mining Corp. for opportunities to buy discarded assets. Harmony Gold Mining Co. (ADR) (NYSE:HMY) net profit margin is -24.40% and weekly performance is -9.06%. On last trading day company shares ended up $3.01. Analysts mean target price for the company is $4.05. Harmony Gold Mining Co. (ADR) (NYSE:HMY) distance from 50-day simple moving average (SMA50) is -7.65%.