Kinross Gold Corporation (KGC) Expected to Earn FY2018 Earnings of $0.07 Per Share
Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Cormark upped their FY2018 earnings per share (EPS) estimates for shares of Kinross Gold Corporation in a research note issued to investors on Tuesday. Cormark analyst R. Gray now forecasts that the mining company will earn $0.07 per share for the year, up from their prior forecast of $0.05.
A number of other analysts also recently issued reports on KGC. BMO Capital Markets upgraded Kinross Gold Corporation from a “market perform” rating to a “buy” rating and raised their price target for the stock from $3.75 to $5.00 in a research report on Monday, May 29th. ValuEngine upgraded Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $5.00 target price on Kinross Gold Corporation and gave the stock a “buy” rating in a research note on Monday, June 12th. BidaskClub lowered Kinross Gold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Raymond James Financial, Inc. reiterated an “ourperform” rating and issued a $6.00 target price on shares of Kinross Gold Corporation in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $5.17.
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Shares of Kinross Gold Corporation (NYSE KGC) traded up 0.591% on Wednesday, hitting $4.255. 2,014,300 shares of the company traded hands. The firm’s 50 day moving average price is $4.41 and its 200-day moving average price is $4.01. Kinross Gold Corporation has a 1-year low of $2.88 and a 1-year high of $4.91. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 101.310 and a beta of 0.18.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, August 2nd. The mining company reported $0.04 EPS for the quarter, topping the 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 company had revenue of $868.60 million for the quarter, compared to the consensus estimate of $825.02 million. During the same period in the previous year, the firm earned ($0.01) earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Korea Investment CORP grew its stake in Kinross Gold Corporation by 1.9% in the second quarter. Korea Investment CORP now owns 78,457 shares of the mining company’s stock valued at $318,000 after purchasing an additional 1,448 shares during the last quarter. World Asset Management Inc grew its stake in 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 valued at $272,000 after purchasing an additional 1,932 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Kinross Gold Corporation by 6.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock valued at $146,000 after purchasing an additional 2,116 shares during the last quarter. Creative Planning grew its stake in Kinross Gold Corporation by 14.2% in the second quarter. Creative Planning now owns 44,435 shares of the mining company’s stock valued at $181,000 after purchasing an additional 5,514 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in Kinross Gold Corporation by 22.0% in the second quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock valued at $158,000 after purchasing an additional 7,000 shares during the last quarter. Institutional investors own 59.56% of the company’s stock.
About Kinross Gold Corporation
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.
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