Cormark Weighs in on Kinross Gold Co.’s Q4 2017 Earnings (KGC)

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Cormark raised their Q4 2017 EPS estimates for Kinross Gold in a report released on Tuesday. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.04 per share for the quarter, up from their previous forecast of $0.03.

Other analysts have also issued reports about the stock. BMO Capital Markets set a $5.00 price objective on shares of Kinross Gold and gave the company a “buy” rating in a research note on Tuesday, December 19th. TD Securities set a $6.00 price objective on shares of Kinross Gold and gave the company a “buy” rating in a research note on Thursday, October 19th. Royal Bank of Canada set a $5.00 price objective on shares of Kinross Gold and gave the company a “buy” rating in a research note on Monday, October 30th. Jefferies Group set a $4.00 price objective on shares of Kinross Gold and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Macquarie upgraded shares of Kinross Gold from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $4.40 to $4.37 in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Kinross Gold presently has an average rating of “Hold” and an average target price of $4.83.

Shares of Kinross Gold (NYSE:KGC) opened at $4.27 on Thursday. The firm has a market cap of $4,900.71, a PE ratio of 42.70 and a beta of 0.24. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.18 and a current ratio of 3.96. Kinross Gold has a 12 month low of $3.15 and a 12 month high of $4.91.

Several hedge funds have recently made changes to their positions in KGC. Campbell & CO Investment Adviser LLC bought a new stake in shares of Kinross Gold in the third quarter worth approximately $100,000. Van Hulzen Asset Management LLC bought a new stake in shares of Kinross Gold in the third quarter worth approximately $108,000. Sigma Planning Corp bought a new stake in shares of Kinross Gold in the third quarter worth approximately $121,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Kinross Gold by 6.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock worth $146,000 after acquiring an additional 2,116 shares during the period. Finally, GSA Capital Partners LLP grew its stake in shares of Kinross Gold by 63.1% in the second quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock worth $154,000 after acquiring an additional 14,674 shares during the period. Hedge funds and other institutional investors own 55.89% of the company’s stock.

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Kinross Gold Company Profile

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.

Earnings History and Estimates for Kinross Gold (NYSE:KGC)

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