Kinross Gold (K) Expected to Post Q1 2018 Earnings of $0.08 Per Share

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.

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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.

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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.

Earnings History and Estimates for Kinross Gold (TSE:K)

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