Kinross Gold Co. to Post FY2017 Earnings of $0.20 Per Share, Desjardins Forecasts (K)
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Desjardins issued their FY2017 earnings estimates for shares of Kinross Gold in a report released on Monday. Desjardins analyst J. Wolfson expects that the company will post earnings per share of $0.20 for the year. Desjardins has a “Sell” rating on the stock. Desjardins also issued estimates for Kinross Gold’s FY2018 earnings at $0.13 EPS, FY2019 earnings at $0.08 EPS, FY2020 earnings at $0.13 EPS and FY2021 earnings at ($0.03) EPS.
Other analysts have also issued research reports about the stock. Canaccord Genuity lifted their price objective on shares of Kinross Gold from C$7.00 to C$7.75 in a research note on Friday, September 29th. Eight Capital reiterated a “neutral” rating on shares of Kinross Gold in a research note on Thursday, November 16th. Finally, Macquarie lifted their price objective on shares of Kinross Gold from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Kinross Gold has a consensus rating of “Buy” and an average target price of C$5.99.
In other Kinross Gold news, insider Claude J.S. Schimper sold 18,000 shares of Kinross Gold stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of C$5.27, for a total transaction of C$94,860.00.
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Kinross Gold Company Profile
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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