Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Investment analysts at Jefferies Group upped their FY2017 EPS estimates for Kinross Gold Corporation in a research report issued to clients and investors on Wednesday. Jefferies Group analyst C. Lafemina now anticipates that the mining company will earn $0.13 per share for the year, up from their previous estimate of $0.08. Jefferies Group has a “Hold” rating and a $3.75 price objective on the stock. Jefferies Group also issued estimates for Kinross Gold Corporation’s FY2020 earnings at $0.13 EPS.

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

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Shares of Kinross Gold Corporation (KGC) opened at 4.18 on Friday. The firm’s 50-day moving average is $4.07 and its 200 day moving average is $3.85. Kinross Gold Corporation has a 52-week low of $2.88 and a 52-week high of $5.56. The company’s market capitalization is $5.21 billion.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $868.60 million for the quarter, compared to analyst estimates of $825.02 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year.

Several large investors have recently added to or reduced their stakes in the company. APG Asset Management N.V. boosted its stake in Kinross Gold Corporation by 2.5% in the first quarter. APG Asset Management N.V. now owns 13,465,859 shares of the mining company’s stock worth $47,355,000 after buying an additional 331,000 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Kinross Gold Corporation by 76.3% in the first quarter. Great West Life Assurance Co. Can now owns 3,204,195 shares of the mining company’s stock worth $11,256,000 after buying an additional 1,387,018 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Kinross Gold Corporation by 15.1% in the first quarter. Wells Fargo & Company MN now owns 91,788 shares of the mining company’s stock worth $322,000 after buying an additional 12,016 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in Kinross Gold Corporation by 263.8% in the first quarter. Essex Investment Management Co. LLC now owns 425,348 shares of the mining company’s stock worth $1,493,000 after buying an additional 308,425 shares during the last quarter. Finally, Shell Asset Management Co. boosted its stake in Kinross Gold Corporation by 7.3% in the first quarter. Shell Asset Management Co. now owns 720,135 shares of the mining company’s stock worth $3,377,000 after buying an additional 48,720 shares during the last quarter. Institutional investors own 60.64% 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)

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