Kinross Gold Expected to Earn Q1 2018 Earnings of $0.06 Per Share (KGC)
Kinross Gold (NYSE:KGC) (TSE:K) – Investment analysts at Desjardins increased their Q1 2018 EPS estimates for shares of Kinross Gold in a report issued on Monday, April 16th. Desjardins analyst J. Wolfson now anticipates that the mining company will earn $0.06 per share for the quarter, up from their previous forecast of $0.04. Desjardins also issued estimates for Kinross Gold’s Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.05 EPS, Q1 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.04 EPS and FY2019 earnings at $0.15 EPS.
Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, February 14th. The mining company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $810.30 million for the quarter, compared to the consensus estimate of $852.68 million. Kinross Gold had a return on equity of 4.03% and a net margin of 13.48%.
Shares of NYSE KGC opened at $3.84 on Tuesday. The company has a market cap of $4,774.78, a PE ratio of 27.29 and a beta of 0.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.03 and a current ratio of 3.90. Kinross Gold has a 1-year low of $3.35 and a 1-year high of $4.91.
A number of institutional investors have recently bought and sold shares of KGC. OxFORD Asset Management LLP bought a new position in Kinross Gold during the 3rd quarter worth $230,000. Allianz Asset Management GmbH increased its stake in Kinross Gold by 4.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,090,574 shares of the mining company’s stock worth $8,843,000 after acquiring an additional 98,044 shares during the period. Cubist Systematic Strategies LLC increased its stake in Kinross Gold by 152.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 76,802 shares of the mining company’s stock worth $326,000 after acquiring an additional 46,364 shares during the period. GSA Capital Partners LLP increased its stake in Kinross Gold by 519.9% during the 3rd quarter. GSA Capital Partners LLP now owns 235,222 shares of the mining company’s stock worth $997,000 after acquiring an additional 197,278 shares during the period. Finally, Bank of Montreal Can increased its stake in Kinross Gold by 4.0% during the 4th quarter. Bank of Montreal Can now owns 20,359,856 shares of the mining company’s stock worth $87,955,000 after acquiring an additional 791,114 shares during the period. Hedge funds and other institutional investors own 55.02% of the company’s stock.
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About Kinross Gold
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.
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