Kinross Gold Co. Expected to Earn FY2017 Earnings of $0.21 Per Share (K)
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities researchers at Cormark upped their FY2017 EPS estimates for Kinross Gold in a research report issued on Thursday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.21 for the year, up from their previous forecast of $0.16. Cormark also issued estimates for Kinross Gold’s Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.01 EPS and FY2018 earnings at $0.04 EPS.
K has been the subject of a number of other reports. Macquarie upped their target price on Kinross Gold from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Desjardins reiterated a “sell” rating on shares of Kinross Gold in a research report on Monday, December 11th. Canaccord Genuity upped their target price on Kinross Gold from C$7.75 to C$8.00 in a research report on Friday, October 20th. Finally, Eight Capital reiterated a “neutral” rating on shares of Kinross Gold in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Kinross Gold presently has an average rating of “Buy” and a consensus price target of C$5.99.
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 stock was sold at an average price of C$5.27, for a total transaction of C$94,860.00.
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Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The companys gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
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