Kinross Gold Co. (TSE:K) to Post FY2020 Earnings of $0.16 Per Share, Jefferies Group Forecasts
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Jefferies Group issued their FY2020 earnings per share (EPS) estimates for Kinross Gold in a report released on Wednesday. Jefferies Group analyst C. Lafemina anticipates that the company will post earnings of $0.16 per share for the year.
Other analysts also recently issued reports about the company. Scotiabank restated a “sector perform” rating and issued a C$4.00 price objective on shares of Kinross Gold in a research report on Friday, May 5th. TD Securities upped their price objective on Kinross Gold from C$5.00 to C$5.50 and gave the company a “buy” rating in a research report on Friday, May 5th. ValuEngine downgraded Kinross Gold from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. CIBC upgraded Kinross Gold from a “neutral” rating to an “outperform” rating and set a C$4.75 price objective on the stock in a research report on Wednesday, May 3rd. Finally, Royal Bank Of Canada upped their price objective on Kinross Gold to C$6.50 and gave the company an “outperform” rating in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Kinross Gold currently has a consensus rating of “Buy” and a consensus price target of C$5.71.
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Shares of Kinross Gold (TSE K) traded down 2.94% during mid-day trading on Friday, hitting $5.29. The company’s stock had a trading volume of 2,662,447 shares. Kinross Gold has a 12-month low of $3.87 and a 12-month high of $7.23. The company’s market cap is $6.60 billion. The stock has a 50-day moving average of $5.24 and a 200-day moving average of $5.09.
In related news, insider Claude J.S. Schimper sold 14,500 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of C$5.69, for a total value of C$82,505.00.
Kinross Gold Company Profile
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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