Kinross Gold (TSE:K) (NYSE:KGC) – Research analysts at Desjardins upped their Q1 2018 earnings per share (EPS) estimates for shares of Kinross Gold in a note issued to investors on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings per share of $0.08 for the quarter, up from their prior forecast of $0.05. Desjardins also issued estimates for Kinross Gold’s Q2 2018 earnings at $0.08 EPS, Q4 2018 earnings at $0.06 EPS, Q1 2019 earnings at $0.05 EPS and FY2019 earnings at $0.19 EPS.
A number of other research analysts have also recently issued reports on the stock. National Bank Financial lifted their price target on shares of Kinross Gold from C$6.50 to C$7.50 in a research report on Friday, January 26th. Canaccord Genuity lifted their price target on shares of Kinross Gold from C$9.25 to C$10.50 in a research report on Friday, January 19th. Finally, BMO Capital Markets cut shares of Kinross Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$6.59.
Shares of K opened at C$63.79 on Tuesday. Kinross Gold has a 1-year low of C$58.76 and a 1-year high of C$74.28.
Kinross Gold (TSE:K) (NYSE:KGC) last announced its earnings results on Wednesday, February 14th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.03). The company had revenue of C$1.03 billion for the quarter, compared to the consensus estimate of C$1.06 billion. Kinross Gold had a net margin of 7.26% and a return on equity of 5.54%.
In other news, insider Gregory Van Etter sold 80,567 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of C$3.91, for a total transaction of C$315,016.97. Also, insider Paul Botond Stilicho Tomory sold 37,288 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of C$4.93, for a total transaction of C$183,829.84. Insiders sold 199,089 shares of company stock valued at $876,247 over the last ninety days.
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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