Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Research analysts at Cormark lifted their Q1 2018 EPS estimates for shares of Kinross Gold Corporation in a report issued on Tuesday. Cormark analyst R. Gray now forecasts that the mining company will earn $0.02 per share for the quarter, up from their prior estimate of $0.01. Cormark also issued estimates for Kinross Gold Corporation’s Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.02 EPS and Q4 2018 earnings at $0.02 EPS.

A number of other equities analysts have also commented on KGC. Jefferies Group LLC restated a “hold” rating and set a $3.75 price objective on shares of Kinross Gold Corporation in a research note on Thursday. BidaskClub lowered Kinross Gold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. BMO Capital Markets restated a “buy” rating and set a $5.25 price objective on shares of Kinross Gold Corporation in a research note on Wednesday. TD Securities raised their price objective on Kinross Gold Corporation from $5.50 to $6.00 and gave the stock an “action list buy” rating in a research note on Thursday, August 3rd. Finally, National Bank Financial restated a “sector perform market weight” rating on shares of Kinross Gold Corporation in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.17.

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Shares of Kinross Gold Corporation (KGC) opened at 4.25 on Thursday. The company has a market capitalization of $5.30 billion, a PE ratio of 101.19 and a beta of 0.18. The firm has a 50-day moving average price of $4.41 and a 200-day moving average price of $4.01. Kinross Gold Corporation has a 12 month low of $2.88 and a 12 month high of $4.91.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The firm had revenue of $868.60 million for the quarter, compared to analysts’ expectations of $825.02 million. During the same period in the prior year, the business posted ($0.01) earnings per share. The business’s revenue was down .9% compared to the same quarter last year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Kinross Gold Corporation by 56.1% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 2,033,931 shares of the mining company’s stock valued at $8,278,000 after acquiring an additional 730,634 shares in the last quarter. Contrarius Investment Management Ltd boosted its holdings in shares of Kinross Gold Corporation by 4.0% during the 2nd quarter. Contrarius Investment Management Ltd now owns 16,214,176 shares of the mining company’s stock valued at $65,992,000 after acquiring an additional 626,077 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in shares of Kinross Gold Corporation by 2.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 1,350,184 shares of the mining company’s stock valued at $5,479,000 after acquiring an additional 31,400 shares in the last quarter. FMR LLC boosted its holdings in shares of Kinross Gold Corporation by 18.7% during the 1st quarter. FMR LLC now owns 3,643,767 shares of the mining company’s stock valued at $12,851,000 after acquiring an additional 573,328 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Kinross Gold Corporation by 15.1% during the 1st quarter. Wells Fargo & Company MN now owns 91,788 shares of the mining company’s stock valued at $322,000 after acquiring an additional 12,016 shares in the last quarter. 59.56% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for Kinross Gold Corporation (NYSE:KGC)

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