Analysts expect that Kinross Gold Co. (NYSE:KGC) (TSE:K) will post $780.20 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Kinross Gold’s earnings, with the highest sales estimate coming in at $813.01 million and the lowest estimate coming in at $747.38 million. Kinross Gold posted sales of $828.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 5.8%. The business is scheduled to report its next quarterly earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Kinross Gold will report full year sales of $3.23 billion for the current year, with estimates ranging from $3.18 billion to $3.25 billion. For the next financial year, analysts forecast that the business will report sales of $3.18 billion, with estimates ranging from $3.15 billion to $3.24 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Kinross Gold.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, August 1st. The mining company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. Kinross Gold had a net margin of 11.67% and a return on equity of 5.73%. The firm had revenue of $775.00 million for the quarter, compared to analyst estimates of $803.96 million. During the same period last year, the firm earned $0.04 earnings per share. The business’s quarterly revenue was down 10.8% compared to the same quarter last year.

A number of equities analysts have recently commented on the stock. TD Securities lowered shares of Kinross Gold from an “action list buy” rating to a “buy” rating and cut their price objective for the company from $6.00 to $5.50 in a research report on Saturday, July 14th. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Kinross Gold in a research report on Monday, June 18th. JPMorgan Chase & Co. dropped their target price on shares of Kinross Gold from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, September 17th. Citigroup dropped their target price on shares of Kinross Gold from $4.00 to $3.25 and set a “neutral” rating for the company in a research report on Wednesday, August 29th. Finally, Credit Suisse Group set a $4.00 target price on shares of Kinross Gold and gave the company a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $4.35.

Shares of Kinross Gold stock traded down $0.09 during trading hours on Monday, reaching $2.74. The company’s stock had a trading volume of 474,609 shares, compared to its average volume of 8,966,586. Kinross Gold has a one year low of $2.67 and a one year high of $4.78. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 19.86 and a beta of 0.11. The company has a current ratio of 3.71, a quick ratio of 1.88 and a debt-to-equity ratio of 0.37.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in shares of Kinross Gold by 10.1% in the 2nd quarter. Van ECK Associates Corp now owns 84,161,798 shares of the mining company’s stock worth $316,448,000 after acquiring an additional 7,706,903 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Kinross Gold by 14.1% in the 2nd quarter. Renaissance Technologies LLC now owns 54,555,299 shares of the mining company’s stock worth $205,128,000 after purchasing an additional 6,743,300 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in Kinross Gold by 2.0% in the 2nd quarter. Donald Smith & CO. Inc. now owns 51,291,334 shares of the mining company’s stock worth $192,855,000 after purchasing an additional 1,025,062 shares in the last quarter. Ruffer LLP boosted its stake in Kinross Gold by 15.6% in the 2nd quarter. Ruffer LLP now owns 40,874,922 shares of the mining company’s stock worth $153,931,000 after purchasing an additional 5,529,141 shares in the last quarter. Finally, Altrinsic Global Advisors LLC boosted its stake in Kinross Gold by 2.4% in the 1st quarter. Altrinsic Global Advisors LLC now owns 20,119,213 shares of the mining company’s stock worth $79,432,000 after purchasing an additional 475,092 shares in the last quarter. Hedge funds and other institutional investors own 53.67% of the company’s stock.

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

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