Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Equities research analysts at Jefferies Group raised their FY2018 earnings estimates for shares of Kinross Gold Corporation in a report released on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the mining company will post earnings of $0.17 per share for the year, up from their previous forecast of $0.16. Jefferies Group has a “Hold” rating and a $4.00 price objective on the stock.

KGC has been the subject of several other reports. Royal Bank Of Canada set a $5.00 price target on shares of Kinross Gold Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. Macquarie upgraded shares of Kinross Gold Corporation from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $4.40 to $4.37 in a research report on Friday. BMO Capital Markets restated a “buy” rating and issued a $5.25 price target on shares of Kinross Gold Corporation in a research report on Wednesday, September 20th. BidaskClub cut shares of Kinross Gold Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut shares of Kinross Gold Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $4.88.

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Shares of Kinross Gold Corporation (NYSE KGC) traded up $0.02 during midday trading on Monday, reaching $4.32. 5,642,700 shares of the company’s stock traded hands, compared to its average volume of 11,269,513. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.18 and a current ratio of 3.96. Kinross Gold Corporation has a 1 year low of $2.88 and a 1 year high of $4.91. The firm has a market cap of $5,362.10, a PE ratio of 47.78 and a beta of 0.09.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Kinross Gold Corporation had a net margin of 3.28% and a return on equity of 2.58%. The firm had revenue of $828.00 million during the quarter, compared to analysts’ expectations of $787.40 million. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was down 9.0% on a year-over-year basis.

A number of large investors have recently bought and sold shares of the business. Korea Investment CORP grew its holdings in Kinross Gold Corporation by 1.9% in the second quarter. Korea Investment CORP now owns 78,457 shares of the mining company’s stock worth $318,000 after purchasing an additional 1,448 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Kinross Gold Corporation by 6.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock worth $146,000 after purchasing an additional 2,116 shares during the period. Creative Planning grew its holdings 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 purchasing an additional 5,514 shares during the period. IFP Advisors Inc grew its holdings in Kinross Gold Corporation by 22.0% in the second quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock worth $158,000 after purchasing an additional 7,000 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Kinross Gold Corporation by 15.1% in the first quarter. Wells Fargo & Company MN now owns 91,788 shares of the mining company’s stock worth $322,000 after purchasing an additional 12,016 shares during the period. Institutional investors and hedge funds own 55.53% of the company’s stock.

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.

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

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