Kinross Gold Co. Forecasted to Post Q3 2016 Earnings of $0.00 Per Share (K)
Kinross Gold Co. (TSE:K) – Stock analysts at National Bank Financial decreased their Q3 2016 EPS estimates for shares of Kinross Gold in a research report issued to clients and investors on Wednesday. National Bank Financial analyst S. Parsons now expects that the brokerage will post earnings per share of $0.00 for the quarter, down from their previous forecast of $0.04.
Several other research firms have also recently issued reports on K. Canaccord Genuity increased their price target on Kinross Gold from C$7.75 to C$9.75 in a research note on Tuesday, July 12th. TD Securities cut their price objective on Kinross Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Thursday, August 4th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Kinross Gold in a report on Thursday, June 30th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Kinross Gold presently has a consensus rating of “Buy” and an average target price of C$7.60.
Shares of Kinross Gold (TSE:K) opened at 4.74 on Friday. The company’s 50-day moving average price is $5.37 and its 200-day moving average price is $6.08. Kinross Gold has a 52-week low of $1.91 and a 52-week high of $7.56. The stock’s market cap is $5.90 billion.
About Kinross Gold
Kinross Gold Corporation is 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. Its segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
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