FY2017 EPS Estimates for Kinross Gold Co. Raised by National Bank Financial (TSE:K)
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Stock analysts at National Bank Financial raised their FY2017 earnings estimates for shares of Kinross Gold in a research note issued on Thursday. National Bank Financial analyst D. Demarco now expects that the company will earn $0.07 per share for the year, up from their prior estimate of $0.05. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
Other analysts have also recently issued reports about the company. Scotiabank reaffirmed a “sector perform” rating and issued a C$4.00 price objective on shares of Kinross Gold in a research report on Friday, May 5th. TD Securities raised their price objective on Kinross Gold from C$5.00 to C$5.50 and gave the company a “buy” rating in a research report on Friday, May 5th. ValuEngine cut Kinross Gold from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. CIBC raised Kinross Gold from a “neutral” rating to an “outperform” rating and set a C$4.75 price objective for the company in a research report on Wednesday, May 3rd. Finally, Royal Bank Of Canada raised their price objective on Kinross Gold to C$6.50 and gave the company an “outperform” rating in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$5.71.
In other news, insider Claude J.S. Schimper sold 14,500 shares of Kinross Gold stock in a transaction on Monday, May 15th. The stock was sold at an average price of C$5.69, for a total value of C$82,505.00.
About Kinross Gold
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The companys gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
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