Equities Analysts Issue Forecasts for Kinross Gold Co.’s FY2017 Earnings (K)

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Analysts at Jefferies Group increased their FY2017 earnings estimates for shares of Kinross Gold in a research report issued on Thursday. Jefferies Group analyst C. Lafemina now expects that the company will earn $0.18 per share for the year, up from their previous estimate of $0.16.

Several other analysts have also issued reports on the stock. Canaccord Genuity boosted their price target on shares of Kinross Gold from C$7.00 to C$7.75 in a research report on Friday, September 29th. National Bank Financial reissued a “sector perform market weight” rating on shares of Kinross Gold in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Kinross Gold currently has an average rating of “Buy” and an average target price of C$5.81.

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In related news, insider Claude J.S. Schimper sold 18,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of C$5.27, for a total transaction of C$94,860.00. Insiders have sold a total of 52,259 shares of company stock valued at $273,353 over the last quarter.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.

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

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