KINROSS GOLD CORP (KGC) for Monday 8/1/2016 (d-w-m)

KINROSS GOLD CORP   (KGC) for Monday 8/1/2016 (d-w-m)

KINROSS GOLD  reported Q2’2016 earnings loss of -$0.01 per share (vs. $0.005) on Wednesday  7/27/2016  at  5:00 PM ET with a financial conference call scheduled for 8 AM ET Thursday 7/28/2016.   Kinross also reported:

  • Adjusted operating cash flow increases by 16% and attributable margins by 14% 
  • Maintained strong balance sheet with robust cash position of $968 million

 

I am preparing a separate blog on the KINROSS GOLD   Q2’2016 earnings report and financial conference call..   IMHO, the continued inability of the Central Banks, including the US Federal Reserve,  to raise rates suggests higher prices for precious metals.   Globally, continued near zero interest rates, and even negative interest rates,  suggests higher prices for precious metals.   The selling of US dollars to BUY the Japanese Yen, ( USD/JPY  102.0750 ) makes the YEN stronger, the US dollar weaker and also  suggests higher prices for precious metals.    There is more … draft pending completion.

Primary Exchange   NYSE               Options   Yes
Index: Not in  S&P 500®,  DJIA®,  NASDAQ 100®
  • 52-Week High    05/02/2016 5.82
  • 52-Week Low     01/19/2016 1.31
  • Price Performance (Last 52 Weeks)  07/27/2016  +186.39%
  • Volume                    19,990,434
  • Volume (10 day Average)   10,330,053
  • Volume (90 day Average)   16,002,100
Market Capitalization        $6.23B
  • Shares Outstanding     1,244,358,000
  • Shares Short              21,738,834
  • Short Interest as a % of Shares Outstanding  1.75%
  • Days to Cover                1.16
P/E (Trailing Twelve Months)    —
PEG Ratio (5-Year Projected)     —
Dividend Info
  • Ex-Dividend Date                 —
  • Dividend Pay Date               —
  • Dividend                        —
  • Dividend Yield (Annualized)     —
    ===================================================================
Kinross Gold Corp (USA)(KGC)
  Analysis of Kinross Gold Corp (USA) (KGC) Daily, Weekly, Monthly (d-w-m) chart activity through Friday’s (7/29/2016) close at  $5.17
The current trend is up and all orders on the long side may be considered.  If already holding long positions, look to take partial profits on any retracement to 4.68.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 4.68.   Be prepared for a potential short term price pull back to the 5.10 area.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at …      4.68
If Short, exit all contracts at …      5.65
     —————————–
kgc 20160729d
  Chart #1 (above, daily, PP-SupRes)   Kinross Gold Corp (USA)(KGC)
     —————————–
  •   :: Pivot point   5.17
  •   Support (s1)  5.09       Support (s2)  5.00
  •   Resistance (r1) 5.25   Resistance (r2)  5.33
  •   Simple Moving Average (Close 50):   $5.023
  •   Simple Moving Average (Close 200):  $3.35
  •   52 week High   $5.82      52 week Low  $1.31
Additional Kinross Gold Corp (USA)(KGC) DAILY chart info:
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are ranging.
  • The upper projected target is: 5.78.
  • The lower projected target is: 4.57.
  • The projected closing price is: 5.18.
Note:  these Kinross Gold Corp (USA)(KGC) Daily price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
     —————————–

kgc 20160729w

   Chart #2 (above, weekly, PP-Sup-Res)  Kinross Gold Corp (USA)(KGC)  Weekly (for Monday 8/1/2016 to Friday 8/5/2016)
     —————————–
  •    :: Pivot point   5.39
  •   Support (s1)  4.82       Support (s2)  4.46
  •   Resistance (r1)  5.39    Resistance (r2)  5.60
  •   Simple Moving Average (Close 50):    3.13
  •   Simple Moving Average (Close 200):   4.42
   Additional Kinross Gold Corp (USA)(KGC) WEEKLY chart info:
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (1): this chart shows extraordinary price action to the upside.
  • Note (2): prices are vulnerable to a correction towards 3.74.
  • The upper projected target is: 6.20.
  • The lower projected target is: 4.27.
  • The projected closing price is: 5.23.
Note:   these Kinross Gold Corp (USA)(KGC) Weekly price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
     —————————–
kgc 20160729m
   Chart #3 (above, monthly, PP-Sup-Res)  Kinross Gold Corp (USA)(KGC) Monthly (for  Monday 8/1/2016 to Wednesday 8/31/2016)
     —————————–
  •  :: Pivot point   5.22
  •   Support (s1)  4.83       Support (s2)  4.09
  •   Resistance (r1)  5.76  Resistance (r2)  6.35
  •   Simple Moving Average (Close 50):   4.712
  •   Simple Moving Average (Close 200):  9.10
  Additional Kinross Gold Corp (USA)(KGC) MONTHLY chart info:
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • The upper projected target is: 7.41.
  • The lower projected target is: 2.81.
  • The projected closing price is: 5.11.
Note: these Kinross Gold Corp (USA)(KGC) price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
     —————————–

-–  Monday, 8/1/2016   thru    Friday 8/5/2016  ——

Thoughts on Brexit

 

 

  • ( x)   All Links can be opened in a new tab or new window …

    •  ( xi )  I will be returning and adding more related chart info including links to charts with  daily, weekly, and monthly (d-w-m) chart analysis

     

    Please read:

     (1)  Research and Investing Disclaimer

     (2)  Investing and Trading

        It’s Black Friday for OPEC

    [ More  Blogs ]

     

    Hope the above Kinross Gold Corp (USA)(KGC)  calculations and charts for Monday, 8/1/2016, as well as the rest of August 2016,   help your investing and trading planning today …
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One thought on “KINROSS GOLD CORP (KGC) for Monday 8/1/2016 (d-w-m)

  1. Note the Daily Chart analysis:
    ” The projected closing price is: 5.18. ”
    … and … the Kinross Gold closing price for Monday 8/1/2016 was:

    $5.18 +0.01 (0.19%) After Hours: 5.18 0.00 (0.00%)

    Like

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