Wall Street analysts expect Kinross Gold Co. (NYSE:KGC) (TSE:K) to post earnings per share (EPS) of $0.04 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kinross Gold’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.06. Kinross Gold also reported earnings of $0.04 per share in the same quarter last year. The firm is expected to report its next earnings report on Wednesday, August 1st.

On average, analysts expect that Kinross Gold will report full-year earnings of $0.21 per share for the current year, with EPS estimates ranging from $0.19 to $0.25. For the next financial year, analysts anticipate that the business will report earnings of $0.19 per share, with EPS estimates ranging from $0.06 to $0.30. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Kinross Gold.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Tuesday, May 8th. The mining company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Kinross Gold had a return on equity of 6.20% and a net margin of 12.25%. The firm had revenue of $897.20 million for the quarter, compared to analyst estimates of $823.77 million. During the same period in the prior year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis.

A number of research analysts have commented on KGC shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $5.50 price objective on shares of Kinross Gold in a report on Wednesday, April 4th. Deutsche Bank upped their price objective on Kinross Gold from $4.00 to $4.20 and gave the company a “hold” rating in a report on Wednesday, April 11th. BMO Capital Markets lowered Kinross Gold from an “outperform” rating to a “market perform” rating and set a $4.00 price objective on the stock. in a report on Monday, April 9th. ValuEngine lowered Kinross Gold from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Finally, Scotiabank decreased their price objective on Kinross Gold from $5.00 to $4.75 and set a “sector perform” rating on the stock in a report on Thursday, May 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Kinross Gold has an average rating of “Hold” and a consensus price target of $4.74.

NYSE KGC traded up $0.03 on Monday, reaching $3.75. The stock had a trading volume of 100,382 shares, compared to its average volume of 9,746,774. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.13 and a quick ratio of 2.13. Kinross Gold has a 1-year low of $3.48 and a 1-year high of $4.91. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 27.00 and a beta of 0.30.

Several large investors have recently added to or reduced their stakes in KGC. Mackenzie Financial Corp raised its position in Kinross Gold by 7.5% during the 4th quarter. Mackenzie Financial Corp now owns 5,311,792 shares of the mining company’s stock valued at $22,947,000 after purchasing an additional 370,273 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Kinross Gold by 18.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,743,632 shares of the mining company’s stock worth $20,492,000 after acquiring an additional 743,796 shares during the last quarter. AGF Investments Inc. raised its position in Kinross Gold by 45.6% during the fourth quarter. AGF Investments Inc. now owns 2,169,046 shares of the mining company’s stock worth $9,353,000 after acquiring an additional 679,286 shares during the last quarter. Schroder Investment Management Group raised its position in Kinross Gold by 10.8% during the fourth quarter. Schroder Investment Management Group now owns 505,805 shares of the mining company’s stock worth $2,741,000 after acquiring an additional 49,500 shares during the last quarter. Finally, Spark Investment Management LLC acquired a new position in Kinross Gold during the fourth quarter worth about $1,966,000. Hedge funds and other institutional investors own 53.95% of the company’s stock.

Kinross Gold Company Profile

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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