Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Investment analysts at Jefferies Group lowered their FY2016 earnings per share (EPS) estimates for Kinross Gold Corporation in a research report issued to clients and investors on Tuesday. Jefferies Group analyst C. Lafemina now anticipates that the firm will earn $0.10 per share for the year, down from their prior estimate of $0.13. Jefferies Group also issued estimates for Kinross Gold Corporation’s FY2017 earnings at $0.05 EPS.

Other analysts also recently issued research reports about the company. BMO Capital Markets downgraded Kinross Gold Corporation from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $6.50 to $3.75 in a research note on Monday, December 19th. RBC Capital Markets reissued an “outperform” rating and set a $10.00 target price on shares of Kinross Gold Corporation in a research note on Sunday, September 25th. TD Securities reissued a “buy” rating and set a $6.50 target price (down previously from $7.00) on shares of Kinross Gold Corporation in a research note on Thursday, November 3rd. Canaccord Genuity reissued a “buy” rating and set a $7.75 target price (down previously from $8.00) on shares of Kinross Gold Corporation in a research note on Thursday, November 3rd. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of Kinross Gold Corporation in a research note on Monday, October 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $4.98.

Earnings History and Estimates for Kinross Gold Corporation (NYSE:KGC)

WARNING: “Kinross Gold Corporation (KGC) Forecasted to Earn FY2016 Earnings of $0.10 Per Share” was reported by Watch List News and is the propert of of Watch List News. If you are accessing this story on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The original version of this story can be read at http://www.watchlistnews.com/kinross-gold-corporation-kgc-forecasted-to-earn-fy2016-earnings-of-0-10-per-share/1061196.html.

Kinross Gold Corporation (NYSE:KGC) opened at 3.36 on Thursday. The stock’s market capitalization is $4.18 billion. The firm’s 50-day moving average is $3.25 and its 200-day moving average is $4.14. Kinross Gold Corporation has a 12-month low of $1.31 and a 12-month high of $5.82.

Kinross Gold Corporation (NYSE:KGC) last announced its quarterly earnings results on Wednesday, November 2nd. The mining company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.05. The business earned $910.20 million during the quarter, compared to analyst estimates of $915.18 million. Kinross Gold Corporation had a negative net margin of 26.82% and a positive return on equity of 1.23%. Kinross Gold Corporation’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.02) EPS.

A number of institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its position in Kinross Gold Corporation by 3.2% in the second quarter. Van ECK Associates Corp now owns 75,569,870 shares of the mining company’s stock worth $369,537,000 after buying an additional 2,347,110 shares during the last quarter. Vanguard Group Inc. boosted its position in Kinross Gold Corporation by 17.5% in the second quarter. Vanguard Group Inc. now owns 25,393,693 shares of the mining company’s stock worth $124,175,000 after buying an additional 3,788,281 shares during the last quarter. AQR Capital Management LLC boosted its position in Kinross Gold Corporation by 114.4% in the second quarter. AQR Capital Management LLC now owns 21,614,651 shares of the mining company’s stock worth $105,518,000 after buying an additional 11,533,875 shares during the last quarter. CIBC World Markets Inc. boosted its position in Kinross Gold Corporation by 2.1% in the third quarter. CIBC World Markets Inc. now owns 17,102,017 shares of the mining company’s stock worth $71,999,000 after buying an additional 349,623 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Kinross Gold Corporation by 8.0% in the third quarter. Bank of New York Mellon Corp now owns 16,056,605 shares of the mining company’s stock worth $67,599,000 after buying an additional 1,186,184 shares during the last quarter. Institutional investors own 60.45% of the company’s stock.

WARNING: “Kinross Gold Corporation (KGC) Forecasted to Earn FY2016 Earnings of $0.10 Per Share” was reported by Watch List News and is the propert of of Watch List News. If you are accessing this story on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The original version of this story can be read at http://www.watchlistnews.com/kinross-gold-corporation-kgc-forecasted-to-earn-fy2016-earnings-of-0-10-per-share/1061196.html.

About Kinross Gold Corporation

Kinross Gold Corporation is 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. Its segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

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