Kinross Gold Co. (K) to Post FY2017 Earnings of $0.16 Per Share, Jefferies Group Forecasts
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Analysts at Jefferies Group upped their FY2017 earnings per share estimates for shares of Kinross Gold in a research report issued on Wednesday. Jefferies Group analyst C. Lafemina now forecasts that the company will earn $0.16 per share for the year, up from their prior forecast of $0.10.
K has been the topic of a number of other research reports. National Bank Financial reaffirmed a “sector perform market weight” rating on shares of Kinross Gold in a research note on Thursday, August 3rd. BMO Capital Markets raised shares of Kinross Gold from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$3.75 to C$5.00 in a research note on Monday, May 29th. ValuEngine cut shares of Kinross Gold from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. TD Securities raised shares of Kinross Gold from a “buy” rating to an “action list buy” rating and set a C$7.50 target price on the stock in a research note on Wednesday, May 10th. Finally, Royal Bank Of Canada boosted their target price on shares of Kinross Gold to C$6.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$5.71.
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Kinross Gold (TSE K) opened at 5.29 on Monday. The firm has a 50-day moving average price of $5.24 and a 200 day moving average price of $5.09. The firm’s market cap is $6.60 billion. Kinross Gold has a 12-month low of $3.87 and a 12-month high of $7.23.
In related news, insider Claude J.S. Schimper sold 14,500 shares of the business’s stock in a transaction on Monday, May 15th. The shares were 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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