FY2018 EPS Estimates for Kinross Gold Boosted by Jefferies Group (K)

Kinross Gold (TSE:K) (NYSE:KGC) – Stock analysts at Jefferies Group upped their FY2018 earnings estimates for Kinross Gold in a report issued on Tuesday, May 8th. Jefferies Group analyst C. Lafemina now anticipates that the company will post earnings per share of $0.27 for the year, up from their prior forecast of $0.19.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings data on Wednesday, February 14th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.03). The firm had revenue of C$1.03 billion during the quarter, compared to the consensus estimate of C$1.06 billion. Kinross Gold had a net margin of 7.26% and a return on equity of 5.54%.

Other equities analysts also recently issued reports about the stock. National Bank Financial boosted their target price on shares of Kinross Gold from C$6.50 to C$7.50 in a report on Friday, January 26th. Canaccord Genuity boosted their target price on shares of Kinross Gold from C$9.25 to C$10.50 in a report on Friday, January 19th. BMO Capital Markets downgraded shares of Kinross Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Kinross Gold in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$7.38.

K stock opened at C$4.77 on Thursday. Kinross Gold has a 1-year low of C$4.44 and a 1-year high of C$6.29.

In other news, insider Michel Sylvestre sold 10,385 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$5.36, for a total transaction of C$55,663.60. Also, insider Gregory Van Etter sold 80,567 shares of the business’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of C$3.91, for a total value of C$315,016.97. Insiders sold 234,256 shares of company stock valued at $1,044,345 over the last quarter.

Kinross Gold Company Profile

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 (TSE:K)

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