Kinross Gold Co. Expected to Post Q4 2017 Earnings of $0.05 Per Share (K)
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Desjardins issued their Q4 2017 earnings per share (EPS) estimates for Kinross Gold in a research note issued to investors on Monday. Desjardins analyst J. Wolfson forecasts that the company will post earnings of $0.05 per share for the quarter. Desjardins currently has a “Sell” rating on the stock. Desjardins also issued estimates for Kinross Gold’s Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.04 EPS, Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.03 EPS and Q3 2019 earnings at $0.03 EPS.
Other analysts also recently issued reports about the company. Macquarie increased their target price on 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. Canaccord Genuity increased their target price on Kinross Gold from C$7.00 to C$7.75 in a research note on Friday, September 29th. Finally, Eight Capital reiterated a “neutral” rating on shares of Kinross Gold in a research note on Thursday, November 16th. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Kinross Gold currently has an average rating of “Buy” and a consensus price target of C$5.99.
In other Kinross Gold news, insider Claude J.S. Schimper sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of C$5.27, for a total transaction of C$94,860.00.
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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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