Desjardins Comments on Kinross Gold’s Q3 2018 Earnings (K)

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.

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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.

Earnings History and Estimates for Kinross Gold (TSE:K)

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