Kinross Gold Corporation (NYSE:KGC) to Post FY2017 Earnings of $0.06 Per Share, National Bank Financial Forecasts
Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Analysts at National Bank Financial upped their FY2017 earnings estimates for shares of Kinross Gold Corporation in a research report issued to clients and investors on Thursday. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings per share of $0.06 for the year, up from their prior estimate of $0.04. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
Several other research firms have also commented on KGC. Scotiabank lifted their price target on Kinross Gold Corporation from $4.50 to $4.75 and gave the stock a “sector perform” rating in a research report on Friday. ValuEngine raised Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $5.00 price target on Kinross Gold Corporation and gave the stock a “buy” rating in a research report on Monday, June 12th. BidaskClub lowered Kinross Gold Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $4.00 price target (up previously from $3.80) on shares of Kinross Gold Corporation in a research report on Sunday, June 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $4.99.
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Shares of Kinross Gold Corporation (NYSE KGC) opened at 4.18 on Monday. The firm has a 50-day moving average price of $4.07 and a 200 day moving average price of $3.85. The stock’s market cap is $5.21 billion. Kinross Gold Corporation has a 52-week low of $2.88 and a 52-week high of $5.56.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, August 2nd. The mining company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The business had revenue of $868.60 million for the quarter, compared to analyst estimates of $825.02 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of KGC. Creative Planning increased its stake in Kinross Gold Corporation by 42.7% in the first quarter. Creative Planning now owns 38,921 shares of the mining company’s stock worth $137,000 after buying an additional 11,643 shares during the period. IFP Advisors Inc increased its stake in Kinross Gold Corporation by 22.0% in the second quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock worth $158,000 after buying an additional 7,000 shares during the period. Virtu Financial LLC acquired a new stake in Kinross Gold Corporation during the second quarter worth $202,000. Karp Capital Management Corp acquired a new stake in Kinross Gold Corporation during the first quarter worth $235,000. Finally, Korea Investment CORP acquired a new stake in Kinross Gold Corporation during the first quarter worth $271,000. Hedge funds and other institutional investors own 60.85% of the company’s stock.
Kinross Gold Corporation Company Profile
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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