Q3 2018 EPS Estimates for Kinross Gold (K) Increased by Analyst

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.

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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.

Shares of Kinross Gold stock opened at C$4.94 on Wednesday. Kinross Gold has a 52 week low of C$4.44 and a 52 week high of C$6.29.

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.

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

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