Kinross Gold Corporation Expected to Post FY2017 Earnings of $0.11 Per Share (KGC)

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Equities researchers at Cormark lifted their FY2017 earnings estimates for Kinross Gold Corporation in a note issued to investors on Friday. Cormark analyst R. Gray now anticipates that the mining company will earn $0.11 per share for the year, up from their previous estimate of $0.10.

Several other brokerages have also recently weighed in on KGC. TD Securities reissued a “buy” rating and set a $5.50 price target (up previously from $5.00) on shares of Kinross Gold Corporation in a research report on Thursday, May 4th. BidaskClub raised shares of Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Berenberg Bank reissued a “hold” rating and set a $4.60 price target on shares of Kinross Gold Corporation in a research report on Friday. Deutsche Bank AG reissued a “hold” rating and set a $4.00 price target (up previously from $3.80) on shares of Kinross Gold Corporation in a research report on Sunday, June 25th. Finally, Credit Suisse Group restated a “hold” rating and issued a $5.00 price objective on shares of Kinross Gold Corporation in a report on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.99.

COPYRIGHT VIOLATION WARNING: “Kinross Gold Corporation Expected to Post FY2017 Earnings of $0.11 Per Share (KGC)” was reported by BNB Daily and is the sole property of of BNB Daily. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.baseball-news-blog.com/2017/08/19/kinross-gold-corporation-expected-to-post-fy2017-earnings-of-0-11-per-share-kgc-updated.html.

Shares of Kinross Gold Corporation (NYSE:KGC) opened at 4.13 on Monday. Kinross Gold Corporation has a 52 week low of $2.88 and a 52 week high of $5.56. The stock has a 50 day moving average of $4.07 and a 200 day moving average of $3.85. The stock’s market cap is $5.15 billion.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The business had revenue of $868.60 million for the quarter, compared to the consensus estimate of $825.02 million. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis.

A number of hedge funds have recently modified their holdings of the company. DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of Kinross Gold Corporation by 0.3% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 193,250 shares of the mining company’s stock worth $681,000 after buying an additional 600 shares during the period. Korea Investment CORP raised its stake in shares of Kinross Gold Corporation by 1.9% in the second quarter. Korea Investment CORP now owns 78,457 shares of the mining company’s stock worth $318,000 after buying an additional 1,448 shares during the period. World Asset Management Inc raised its stake in shares of Kinross Gold Corporation by 2.6% in the first quarter. World Asset Management Inc now owns 77,447 shares of the mining company’s stock worth $272,000 after buying an additional 1,932 shares during the period. Capstone Asset Management Co. raised its stake in shares of Kinross Gold Corporation by 3.1% in the first quarter. Capstone Asset Management Co. now owns 112,447 shares of the mining company’s stock worth $395,000 after buying an additional 3,420 shares during the period. Finally, Creative Planning raised its stake in shares of Kinross Gold Corporation by 14.2% in the second quarter. Creative Planning now owns 44,435 shares of the mining company’s stock worth $181,000 after buying an additional 5,514 shares during the period. Institutional investors own 60.85% of the company’s stock.

Kinross Gold Corporation 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 Corporation (NYSE:KGC)

Receive News & Ratings for Kinross Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply