Equities research analysts expect Kinross Gold Co. (NYSE:KGC) (TSE:K) to post earnings of $0.02 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Kinross Gold’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.04. Kinross Gold posted earnings of $0.10 per share in the same quarter last year, which suggests a negative year over year growth rate of 80%. The firm is expected to announce its next earnings results after the market closes on Tuesday, May 7th.

According to Zacks, analysts expect that Kinross Gold will report full-year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from ($0.01) to $0.20. For the next financial year, analysts anticipate that the company will report earnings of $0.19 per share, with EPS estimates ranging from $0.10 to $0.32. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Kinross Gold.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, February 13th. The mining company reported $0.01 earnings per share for the quarter. Kinross Gold had a negative net margin of 0.73% and a positive return on equity of 2.78%. The firm had revenue of $786.50 million for the quarter, compared to analyst estimates of $761.30 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year.

Several equities analysts have recently weighed in on KGC shares. Zacks Investment Research lowered shares of Kinross Gold from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Credit Suisse Group restated a “hold” rating and issued a $3.00 target price on shares of Kinross Gold in a report on Thursday, February 7th. ValuEngine lowered shares of Kinross Gold from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Raymond James restated an “outperform” rating and issued a $4.50 target price on shares of Kinross Gold in a report on Thursday, February 14th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Kinross Gold presently has a consensus rating of “Hold” and an average price target of $4.07.

Several institutional investors and hedge funds have recently bought and sold shares of KGC. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Kinross Gold in the 1st quarter worth about $33,000. Maven Securities LTD acquired a new stake in shares of Kinross Gold in the 4th quarter worth about $44,000. PNC Financial Services Group Inc. raised its holdings in shares of Kinross Gold by 65.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,679 shares of the mining company’s stock worth $45,000 after acquiring an additional 5,390 shares during the last quarter. Advisor Partners LLC raised its holdings in shares of Kinross Gold by 35.4% in the 4th quarter. Advisor Partners LLC now owns 18,987 shares of the mining company’s stock worth $62,000 after acquiring an additional 4,965 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in shares of Kinross Gold in the 4th quarter worth about $77,000. Institutional investors own 61.22% of the company’s stock.

Shares of NYSE KGC traded down $0.13 during trading on Friday, hitting $3.23. 10,113,983 shares of the company traded hands, compared to its average volume of 11,486,216. Kinross Gold has a fifty-two week low of $2.38 and a fifty-two week high of $4.12. The firm has a market capitalization of $4.04 billion, a P/E ratio of 32.30 and a beta of -0.09. The company has a current ratio of 2.61, a quick ratio of 0.89 and a debt-to-equity ratio of 0.38.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.

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

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