FY2017 EPS Estimates for Kinross Gold Co. (K) Lifted by Analyst
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Stock analysts at Cormark upped their FY2017 earnings estimates for Kinross Gold in a research report issued on Thursday. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.21 per share for the year, up from their prior forecast of $0.16. Cormark also issued estimates for Kinross Gold’s Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.01 EPS and FY2018 earnings at $0.04 EPS.
A number of other equities analysts have also issued reports on K. Canaccord Genuity increased their target price on shares of Kinross Gold from C$7.00 to C$7.75 in a research report on Friday, September 29th. Macquarie increased their target price on shares of Kinross Gold from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Eight Capital reiterated a “neutral” rating on shares of Kinross Gold in a research report on Thursday, November 16th. Finally, Desjardins reiterated a “sell” rating on shares of Kinross Gold in a research report on Monday. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$5.99.
In other news, insider Claude J.S. Schimper sold 18,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of C$5.27, for a total value 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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