Kinross Gold (KGC) Stock Gains 1.84% Before Q4 Earnings Release?

Just a week ago Zacks came up with KGC’s Q4 forecasts by claiming it will decline. However, the stock is nearly reaching $6 value. Investors do not pay clear attention to gold mining shares as they sound not fancy at all as compared to tech stocks that promise mountains of earnings in five years or so. Although KGC has a positive 0.80 EPS its price can’t even reach $10. It is very clear the stock is destined for patiently long-term focused investors.

Year over year Q4 earnings is expected to shrink 74.1% by Zacks analysts when revenue is to fall by 23.3%. Barely surging KGC may fall if this negative forecast comes true.