Jefferies Group Weighs in on Kinross Gold Co.’s FY2017 Earnings (TSE:K)
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Jefferies Group reduced their FY2017 earnings per share estimates for Kinross Gold in a research note issued on Friday. Jefferies Group analyst C. Lafemina now expects that the company will post earnings of $0.10 per share for the year, down from their prior estimate of $0.11. Jefferies Group also issued estimates for Kinross Gold’s FY2018 earnings at $0.20 EPS and FY2019 earnings at $0.22 EPS.
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A number of other analysts have also recently weighed in on K. TD Securities boosted their target price on shares of Kinross Gold from C$5.00 to C$5.50 and gave the stock a “buy” rating in a research note on Friday, May 5th. ValuEngine cut shares of Kinross Gold from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. Royal Bank Of Canada boosted their target price on shares of Kinross Gold to C$6.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 9th. Scotiabank reaffirmed a “sector perform” rating and set a C$4.00 target price on shares of Kinross Gold in a research note on Friday, May 5th. Finally, BMO Capital Markets raised shares of Kinross Gold from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$3.75 to C$5.00 in a research note on Monday, May 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$5.71.
Kinross Gold (TSE K) opened at 4.94 on Monday. Kinross Gold has a 12-month low of $3.87 and a 12-month high of $7.23. The firm’s market cap is $6.16 billion. The firm’s 50-day moving average price is $5.65 and its 200 day moving average price is $4.96.
In related news, Director John A. Brough sold 13,796 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of C$4.98, for a total value of C$68,704.08. Also, insider Claude J.S. Schimper sold 14,500 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of C$5.69, for a total transaction of C$82,505.00. In the last three months, insiders sold 31,146 shares of company stock worth $168,537.
About Kinross Gold
Kinross Gold Corporation is a gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
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