Kinross Gold Co. to Post Q2 2017 Earnings of $0.04 Per Share, National Bank Financial Forecasts (TSE:K)
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Stock analysts at National Bank Financial issued their Q2 2017 earnings per share (EPS) estimates for shares of Kinross Gold in a research report issued to clients and investors on Sunday. National Bank Financial analyst D. Demarco forecasts that the company will post earnings of $0.04 per share for the quarter. National Bank Financial also issued estimates for Kinross Gold’s FY2017 earnings at $0.05 EPS and FY2018 earnings at $0.05 EPS.
A number of other equities research analysts also recently issued reports on K. CIBC upgraded shares of Kinross Gold from a “neutral” rating to an “outperform” rating and set a C$4.75 target price for the company in a report on Wednesday, May 3rd. Scotiabank restated a “sector perform” rating and issued a C$5.50 target price on shares of Kinross Gold in a report on Thursday, May 4th. TD Securities boosted their target price on shares of Kinross Gold from C$5.00 to C$5.50 and gave the company a “buy” rating in a report on Friday, May 5th. Royal Bank Of Canada boosted their target price on shares of Kinross Gold to C$6.50 and gave the company an “outperform” rating in a report on Tuesday, May 9th. Finally, ValuEngine downgraded shares of Kinross Gold from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$5.71.
Kinross Gold (K) opened at 5.16 on Wednesday. The stock has a 50 day moving average of $5.37 and a 200 day moving average of $5.06. Kinross Gold has a one year low of $3.87 and a one year high of $7.23. The firm’s market capitalization is $6.43 billion.
In other Kinross Gold news, Director John A. Brough sold 13,796 shares of Kinross Gold stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of C$4.98, for a total transaction of C$68,704.08. Also, insider Claude J.S. Schimper sold 14,500 shares of Kinross Gold stock in a transaction that occurred 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. Over the last ninety days, insiders have 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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