Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Analysts at Cormark upped their FY2017 EPS estimates for Kinross Gold Corporation in a research note issued on Friday. Cormark analyst R. Gray now expects that the mining company will post earnings of $0.11 per share for the year, up from their previous estimate of $0.10.

A number of other equities research analysts have also recently commented on KGC. National Bank Financial reaffirmed a “sector perform market weight” rating on shares of Kinross Gold Corporation in a research note on Thursday. TD Securities lifted their price target on shares of Kinross Gold Corporation from $5.50 to $6.00 and gave the company an “action list buy” rating in a research note on Thursday. Berenberg Bank reissued a “hold” rating and issued a $4.60 price target on shares of Kinross Gold Corporation in a research note on Friday. BidaskClub cut shares of Kinross Gold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Scotiabank lifted their price target on shares of Kinross Gold Corporation from $4.50 to $4.75 and gave the company a “sector perform” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $4.99.

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Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, August 2nd. The mining company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The firm had revenue of $868.60 million for the quarter, compared to the consensus estimate of $825.02 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year.

A number of large investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake in shares of Kinross Gold Corporation by 10.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 4,303,484 shares of the mining company’s stock valued at $13,446,000 after buying an additional 408,647 shares during the period. Creative Planning boosted its stake in shares of Kinross Gold Corporation by 42.7% in the first quarter. Creative Planning now owns 38,921 shares of the mining company’s stock valued at $137,000 after buying an additional 11,643 shares during the period. Bank of Montreal Can boosted its stake in shares of Kinross Gold Corporation by 6.9% in the first quarter. Bank of Montreal Can now owns 17,931,932 shares of the mining company’s stock valued at $62,941,000 after buying an additional 1,159,776 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Kinross Gold Corporation by 3.1% in the first quarter. Capstone Asset Management Co. now owns 112,447 shares of the mining company’s stock valued at $395,000 after buying an additional 3,420 shares during the period. Finally, Hexavest Inc. boosted its stake in shares of Kinross Gold Corporation by 117.8% in the first quarter. Hexavest Inc. now owns 5,923,356 shares of the mining company’s stock valued at $20,804,000 after buying an additional 3,203,315 shares during the period. 60.85% of the stock is currently owned by institutional investors.

About Kinross Gold Corporation

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.

Earnings History and Estimates for Kinross Gold Corporation (NYSE:KGC)

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