Desjardins Research Analysts Lift Earnings Estimates for Kinross Gold Co. (K)
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Desjardins raised their Q4 2017 earnings per share (EPS) estimates for shares of Kinross Gold in a report issued on Friday. Desjardins analyst J. Wolfson now expects that the company will post earnings of $0.06 per share for the quarter, up from their prior forecast of $0.05. Desjardins currently has a “Sell” rating on the stock. Desjardins also issued estimates for Kinross Gold’s Q1 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.05 EPS, FY2018 earnings at $0.14 EPS, Q1 2019 earnings at $0.04 EPS, Q2 2019 earnings at $0.05 EPS and Q3 2019 earnings at $0.04 EPS.
Other equities research analysts also recently issued research reports about the company. Eight Capital reiterated a “neutral” rating on shares of Kinross Gold in a research report on Thursday, November 16th. Canaccord Genuity increased their price objective on Kinross Gold from C$7.75 to C$8.00 in a research report on Friday, October 20th. Finally, Macquarie increased their price objective on Kinross Gold from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. 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 given a strong buy rating to the stock. Kinross Gold presently has a consensus rating of “Buy” and an average target price of C$6.11.
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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