Kinross Gold Corporation (NYSE:KGC) (TSE:K) – National Bank Financial issued their Q2 2017 earnings per share estimates for shares of Kinross Gold Corporation in a research report issued on Sunday. National Bank Financial analyst D. Demarco forecasts that the mining company will post earnings per share of $0.03 for the quarter. National Bank Financial also issued estimates for Kinross Gold Corporation’s FY2017 earnings at $0.04 EPS and FY2018 earnings at $0.04 EPS.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Tuesday, May 2nd. The mining company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $796.10 million during the quarter, compared to analysts’ expectations of $790.06 million. Kinross Gold Corporation had a negative net margin of 0.13% and a positive return on equity of 2.13%. Kinross Gold Corporation’s revenue for the quarter was up 1.7% on a year-over-year basis. ILLEGAL ACTIVITY NOTICE: This piece of content was published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://transcriptdaily.com/2017/08/13/analysts-issue-forecasts-for-kinross-gold-corporations-q2-2017-earnings-kgc-updated-updated.html.
Other research analysts have also issued research reports about the stock. TD Securities raised shares of Kinross Gold Corporation from a “buy” rating to an “action list buy” rating and set a $5.50 target price for the company in a research note on Wednesday, May 10th. BMO Capital Markets raised shares of Kinross Gold Corporation from a “market perform” rating to a “buy” rating and raised their price objective for the company from $3.75 to $5.00 in a research note on Monday, May 29th. Bank of America Corporation raised shares of Kinross Gold Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. Royal Bank Of Canada set a $5.00 price objective on shares of Kinross Gold Corporation and gave the company a “buy” rating in a research note on Monday, June 12th. Finally, ValuEngine raised shares of Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Kinross Gold Corporation presently has an average rating of “Hold” and an average target price of $4.90.
Shares of Kinross Gold Corporation (NYSE:KGC) opened at 4.11 on Wednesday. Kinross Gold Corporation has a 52-week low of $2.88 and a 52-week high of $5.56. The firm has a 50-day moving average of $4.12 and a 200 day moving average of $3.82. The stock’s market capitalization is $5.12 billion.
Hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in Kinross Gold Corporation by 3,766.7% in the second quarter. Acadian Asset Management LLC now owns 612,644 shares of the mining company’s stock worth $2,485,000 after buying an additional 596,800 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Kinross Gold Corporation by 7.2% in the second quarter. Russell Investments Group Ltd. now owns 7,187,484 shares of the mining company’s stock worth $29,252,000 after buying an additional 481,144 shares during the last quarter. Aperio Group LLC boosted its stake in Kinross Gold Corporation by 84.5% in the second quarter. Aperio Group LLC now owns 123,581 shares of the mining company’s stock worth $503,000 after buying an additional 56,584 shares during the last quarter. Mn Services Vermogensbeheer B.V. bought a new stake in Kinross Gold Corporation during the second quarter worth $821,000. Finally, Creative Planning boosted its stake in Kinross Gold Corporation by 14.2% in the second quarter. Creative Planning now owns 44,435 shares of the mining company’s stock worth $181,000 after buying an additional 5,514 shares during the last quarter. 60.55% of the stock is currently owned by institutional investors.
Kinross Gold Corporation 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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