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.

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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%.

A number of other brokerages have also weighed in on KGC. BMO Capital Markets set a $5.00 target price on Kinross Gold and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Zacks Investment Research upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating and set a $4.50 target price on the stock in a research note on Tuesday, February 13th. Royal Bank of Canada reiterated a “buy” rating and set a $5.50 target price on shares of Kinross Gold in a research note on Wednesday, April 4th. Finally, Deutsche Bank increased their target price on Kinross Gold from $4.00 to $4.20 and gave the stock a “hold” rating in a research note on Wednesday, April 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $4.81.

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.

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

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