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.
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