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Shares of Kinross Gold (NYSE:KGC) moved higher in after-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share were up 107.69% over the past year to $0.27, which beat the estimate of $0.22.
Revenue of $1,195,000,000 rose by 19.96% year over year, which missed the estimate of $1,220,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
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Revenue guidance hasn't been issued by the company for now.
Technicals
52-week high: $10.31
52-week low: $2.72
Price action over last quarter: down 15.84%
Company Profile
Kinross Gold is a Canada-based senior gold producer, producing roughly 2.5 million gold equivalent ounces in 2019. The company had 24.3 million ounces of proven and probable gold reserves and 55.7 million ounces of silver reserves at the end of 2019. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.