Kinross Gold Co. (NYSE:KGC) (TSE:K) – Equities research analysts at National Bank Financial increased their FY2017 EPS estimates for Kinross Gold in a report released on Wednesday, Zacks Investment Research reports. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings of $0.15 per share for the year, up from their prior forecast of $0.08. National Bank Financial also issued estimates for Kinross Gold’s Q4 2017 earnings at $0.04 EPS and FY2018 earnings at $0.13 EPS.
Several other analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of 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. Macquarie upgraded shares of Kinross Gold from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $4.40 to $4.37 in a research note on Friday, November 10th. Royal Bank of Canada set a $5.00 target price on shares of Kinross Gold and gave the stock a “buy” rating in a research note on Monday, October 30th. Desjardins reiterated a “sell” rating on shares of Kinross Gold in a research note on Monday, December 11th. Finally, BMO Capital Markets set a $5.00 target price on shares of Kinross Gold and gave the stock a “buy” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $4.83.
Shares of Kinross Gold (NYSE KGC) opened at $3.93 on Monday. The company has a market cap of $4,988.00, a P/E ratio of 39.30 and a beta of 0.24. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.18 and a current ratio of 3.96. Kinross Gold has a 52 week low of $3.15 and a 52 week high of $4.91.
Several large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Kinross Gold by 6.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock worth $146,000 after buying an additional 2,116 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Kinross Gold by 1.1% during the 4th quarter. CIBC Asset Management Inc now owns 1,260,926 shares of the mining company’s stock valued at $5,460,000 after purchasing an additional 13,788 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of Kinross Gold by 53.2% during the 2nd quarter. Gotham Asset Management LLC now owns 41,487 shares of the mining company’s stock valued at $169,000 after purchasing an additional 14,398 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Kinross Gold by 63.1% during the 2nd quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock valued at $154,000 after purchasing an additional 14,674 shares during the last quarter. Finally, Rockshelter Capital Management LLC grew its holdings in shares of Kinross Gold by 1.6% during the 2nd quarter. Rockshelter Capital Management LLC now owns 987,575 shares of the mining company’s stock valued at $4,019,000 after purchasing an additional 15,925 shares during the last quarter. 55.89% of the stock is currently owned by hedge funds and other institutional investors.
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Kinross Gold Company Profile
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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