Kinross Gold (TSE:K) (NYSE:KGC) – Equities research analysts at Desjardins boosted their Q3 2018 earnings per share (EPS) estimates for Kinross Gold in a research report issued to clients and investors on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings per share of $0.06 for the quarter, up from their previous forecast of $0.02. Desjardins also issued estimates for Kinross Gold’s FY2018 earnings at $0.26 EPS and Q4 2019 earnings at $0.05 EPS.
A number of other analysts have also commented on the company. BMO Capital Markets lowered Kinross Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 10th. National Bank Financial raised their price target on Kinross Gold from C$6.50 to C$7.50 in a research note on Friday, January 26th. Finally, Canaccord Genuity raised their price objective on Kinross Gold from C$9.25 to C$10.50 in a research report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$6.59.
Shares of K stock opened at C$4.87 on Wednesday. Kinross Gold has a 52 week low of C$4.44 and a 52 week high of C$6.29.
Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.03). Kinross Gold had a return on equity of 5.54% and a net margin of 7.26%. The business had revenue of C$1.03 billion during the quarter, compared to analysts’ expectations of C$1.06 billion.
In related news, insider Gregory Van Etter sold 80,567 shares of Kinross Gold 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. Also, Director Kerry Don Dyte acquired 17,500 shares of Kinross Gold stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of C$4.96 per share, with a total value of C$86,800.00. Insiders have sold 199,089 shares of company stock valued at $876,247 in the last three months.
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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.
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