Kinross Gold Co. Expected to Post FY2017 Earnings of $0.16 Per Share (K)
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at Jefferies Group boosted their FY2017 EPS estimates for Kinross Gold in a note issued to investors on Wednesday. Jefferies Group analyst C. Lafemina now forecasts that the company will post earnings per share of $0.16 for the year, up from their previous forecast of $0.10.
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A number of other analysts have also weighed in on the stock. CIBC raised shares of Kinross Gold from a “neutral” rating to an “outperform” rating and set a C$4.75 price objective on the stock in a research report on Wednesday, May 3rd. Scotiabank reissued a “sector perform” rating and issued a C$5.50 price objective on shares of Kinross Gold in a research report on Thursday, May 4th. BMO Capital Markets raised shares of Kinross Gold from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$3.75 to C$5.00 in a research report on Monday, May 29th. Royal Bank Of Canada increased their price objective on shares of Kinross Gold to C$6.50 and gave the stock an “outperform” rating in a research report on Tuesday, May 9th. Finally, ValuEngine lowered shares of Kinross Gold from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$5.71.
In other Kinross Gold news, insider Claude J.S. Schimper sold 14,500 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were 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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