Wall Street analysts forecast that Kinross Gold Corporation (NYSE:KGC) (TSE:K) will announce earnings per share of $0.03 for the current quarter, Zacks reports. Two analysts have made estimates for Kinross Gold’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.01. Kinross Gold reported earnings of ($0.04) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 175%. The firm is scheduled to issue its next earnings results on Wednesday, February 21st.

On average, analysts expect that Kinross Gold will report full-year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.17. For the next fiscal year, analysts forecast that the firm will report earnings of $0.15 per share, with EPS estimates ranging from $0.05 to $0.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Kinross Gold.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Kinross Gold had a return on equity of 2.58% and a net margin of 3.28%. The company had revenue of $828.00 million for the quarter, compared to the consensus estimate of $787.40 million. During the same quarter in the prior year, the business earned $0.10 EPS. Kinross Gold’s revenue was down 9.0% on a year-over-year basis.

Several equities research analysts have weighed in on the company. BidaskClub downgraded Kinross Gold from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Royal Bank Of Canada restated an “outperform” rating on shares of Kinross Gold in a report on Friday, August 18th. Jefferies Group set a $4.00 price target on Kinross Gold and gave the stock a “hold” rating in a report on Tuesday, August 15th. BMO Capital Markets restated a “buy” rating and set a $5.25 price target on shares of Kinross Gold in a report on Wednesday, September 20th. Finally, ValuEngine upgraded Kinross Gold from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Kinross Gold has a consensus rating of “Hold” and a consensus target price of $4.88.

Shares of Kinross Gold (KGC) opened at $4.03 on Tuesday. The company has a current ratio of 3.96, a quick ratio of 2.18 and a debt-to-equity ratio of 0.39. Kinross Gold has a 1-year low of $2.88 and a 1-year high of $4.91. The firm has a market capitalization of $5,100.23, a PE ratio of 45.44 and a beta of 0.11.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its holdings in shares of Kinross Gold by 519.9% in the 3rd quarter. GSA Capital Partners LLP now owns 235,222 shares of the mining company’s stock valued at $997,000 after acquiring an additional 197,278 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Kinross Gold by 388.3% in the 3rd quarter. Virtu Financial LLC now owns 242,545 shares of the mining company’s stock valued at $311,000 after acquiring an additional 192,870 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Kinross Gold by 152.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 76,802 shares of the mining company’s stock valued at $326,000 after acquiring an additional 46,364 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Kinross Gold by 298.3% in the 3rd quarter. Jane Street Group LLC now owns 252,138 shares of the mining company’s stock valued at $1,069,000 after purchasing an additional 188,839 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of Kinross Gold by 4.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,090,574 shares of the mining company’s stock valued at $8,843,000 after purchasing an additional 98,044 shares during the period. Institutional investors and hedge funds own 55.81% of the company’s stock.

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

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