Stocks in News: Toll Brothers, Kinross Gold Corporation, Micron Technology, Newmont Mining Corp

Lakeway, NY -- (SBWIRE) -- 03/19/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Toll Brothers Inc (NYSE:TOL) shares gained 1.91% to $34.77. Equities researchers at Sterne Agee assumed coverage on shares of TOL in a report issued on Mar. 15. The firm set an “underperform” rating and a $29.00 price target on the stock.

Additionally, the company released its earnings data on Wednesday, February 20th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.08. The company had revenue of $424.60 million for the quarter, compared to the consensus estimate of $500.63 million.

Get Latest News, Updates on TOL Here

Kinross Gold Corporation (USA) (NYSE:KGC) shares jumped 1.65% to $8.03. KGC‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Mar. 12. They currently have a $8.25 price target on the stock.

Additionally, the company, on Mar. 13, announced that holders of an aggregate principal amount of US$454,571,000 of its 1.75% Convertible Senior Notes due 2028 (CUSIP Numbers: 496902AB3 and 496902AD9) (the "Notes") have exercised their rights to require the Company to repurchase their Notes (the "Put Right"), as provided for in the Indenture governing the Notes, dated as of January 29, 2008 (the "Indenture"). The deadline for holders to withdraw exercises of Put Rights was 5:00 p.m. today, New York City time.

Is KGC a Strong Buying Opportunity After The Recent Gain? Find out Here

Micron Technology, Inc. (NASDAQ:MU) shares jumped 1.09% to $9.28. MU‘s stock had its “outperform” rating reaffirmed by Wedbush in a research note issued on Mar. 18. They currently have a $11.00 price target on the stock, up from their previous price target of $10.00.

Additionally, Micron Technology and LFoundry, on Feb. 25, announced that the companies have entered into agreements for LFoundry to acquire Micron Technology Italia, Srl. and all of its semiconductor fabrication facility assets in Avezzano, Italy. Under the agreements, Micron will assign to LFoundry its four-year supply agreement with Aptina to manufacture image sensors at the 200 millimeter Avezzano facility.

Is MU Signaling a Buy After The Solid gain? Don’t Miss Out Free Trend Analysis Here

Newmont Mining Corp (NYSE:NEM) shares gained 0.52% to $40.24. NEM‘s stock had its “hold” rating reaffirmed by research analysts at TheStreet in a report released on Mar. 11.

Additionally, the company will begin trading ex-dividend on March 11, 2013. A cash dividend payment of $0.425 per share is scheduled to be paid on March 28, 2013. Shareholders who purchased NEM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 21.43% increase over the prior quarter.

Is NEM a Strong Buying Opportunity After The Recent Surge? Get Free Trend Analysis Here

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