On July 31, Kinross fell 5.17% in regular trading, trading at $22.41/share, with turnover of approximately $21.95 million.
On the news front, the company reported Q2 adjusted earnings of $0.71 per share, missing the analyst consensus estimate of $0.74 by 4.05%. Revenue came in at $2.238 billion, also below the expected $2.274 billion. While year-over-year growth remained strong — EPS up 61.36% from $0.44 and revenue up approximately 29% from $1.73 billion — the miss marks the second consecutive quarter of underperformance relative to expectations, with Q1 adjusted EPS of $0.71 also having missed the $0.76 estimate. The repeated shortfalls have triggered broad market disappointment.
The broader gold sector was under significant pressure on the same day. Within the Gold sector, Anglogold Ashanti fell 9.46%, Eldorado fell 8.55%, Agnico Eagle Mines fell 5.09%, Newmont Mining fell 3.88%, and Barrick Mining Corporation fell 3.85%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments