Kinross Gold (TSE:K) (NYSE:KGC) – Research analysts at Desjardins upped their Q3 2018 earnings per share (EPS) estimates for Kinross Gold in a research report issued on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings per share of $0.06 for the quarter, up from their previous forecast of $0.02. Desjardins also issued estimates for Kinross Gold’s FY2018 earnings at $0.26 EPS and Q4 2019 earnings at $0.05 EPS.
Several other brokerages have also recently commented on K. 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. Canaccord Genuity boosted their price objective on Kinross Gold from C$9.25 to C$10.50 in a report on Friday, January 19th. Finally, National Bank Financial boosted their price objective on Kinross Gold from C$6.50 to C$7.50 in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$6.59.
Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data 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). Kinross Gold had a net margin of 7.26% and a return on equity of 5.54%. The company had revenue of C$1.03 billion for the quarter, compared to the consensus estimate of C$1.06 billion.
In related news, insider Michel Sylvestre sold 10,385 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of C$5.36, for a total value of C$55,663.60. Also, insider Claude J.S. Schimper sold 65,000 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of C$4.53, for a total value of C$294,450.00. In the last three months, insiders sold 199,089 shares of company stock valued at $876,247.
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About Kinross Gold
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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