Equities analysts predict that Kinross Gold Co. (NYSE:KGC) (TSE:K) will post $0.04 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Kinross Gold’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.05. Kinross Gold posted earnings per share of ($0.04) in the same quarter last year, which would suggest a positive year over year growth rate of 200%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, February 14th.
On average, analysts expect that Kinross Gold will report full-year earnings of $0.16 per share for the current year, with EPS estimates ranging from $0.15 to $0.17. For the next year, analysts forecast that the business will report earnings of $0.17 per share, with EPS estimates ranging from $0.03 to $0.29. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Kinross Gold.
Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $828.00 million during the quarter, compared to analyst estimates of $787.40 million. During the same period in the prior year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year.
Kinross Gold (KGC) traded down $0.07 during trading on Friday, reaching $3.88. The company’s stock had a trading volume of 13,217,818 shares, compared to its average volume of 11,247,142. The company has a quick ratio of 2.18, a current ratio of 3.96 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $4,838.36, a price-to-earnings ratio of 38.80 and a beta of 0.24. Kinross Gold has a 1 year low of $3.15 and a 1 year high of $4.91.
A number of institutional investors have recently bought and sold shares of KGC. Investec Asset Management LTD boosted its holdings in Kinross Gold by 157.3% in the third quarter. Investec Asset Management LTD now owns 7,141,303 shares of the mining company’s stock valued at $30,251,000 after acquiring an additional 4,365,752 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Kinross Gold by 34.6% in the third quarter. Bank of New York Mellon Corp now owns 14,288,354 shares of the mining company’s stock valued at $60,582,000 after acquiring an additional 3,672,988 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Kinross Gold by 37.8% in the third quarter. TD Asset Management Inc. now owns 10,730,465 shares of the mining company’s stock valued at $45,388,000 after acquiring an additional 2,945,300 shares during the last quarter. Tocqueville Asset Management L.P. bought a new position in Kinross Gold in the third quarter valued at about $12,058,000. Finally, Mackenzie Financial Corp boosted its holdings in Kinross Gold by 78.1% in the third quarter. Mackenzie Financial Corp now owns 4,941,519 shares of the mining company’s stock valued at $20,952,000 after acquiring an additional 2,166,213 shares during the last quarter. Institutional investors and hedge funds own 55.84% of the company’s stock.
WARNING: This report was first posted by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/11/kinross-gold-co-kgc-expected-to-announce-earnings-of-0-04-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.