Kinross Gold Co. (NYSE:KGC) (TSE:K) – Investment analysts at Cormark raised their Q3 2018 EPS estimates for Kinross Gold in a report issued on Thursday, Zacks Investment Research reports. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $0.02 per share for the quarter, up from their previous forecast of $0.01. Cormark also issued estimates for Kinross Gold’s Q4 2018 earnings at $0.02 EPS and FY2018 earnings at $0.06 EPS.
KGC has been the subject of a number of other reports. Zacks Investment Research upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating and set a $4.50 price objective for the company in a research note on Tuesday, February 13th. Royal Bank of Canada cut their price objective on Kinross Gold from $5.50 to $5.00 and set an “outperform” rating for the company in a research note on Monday. Desjardins reiterated a “sell” rating on shares of Kinross Gold in a research note on Monday, December 11th. Finally, BMO Capital Markets set a $5.00 price objective on Kinross Gold and gave the company a “buy” rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.83.
Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, February 14th. The mining company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Kinross Gold had a net margin of 13.48% and a return on equity of 4.03%. The business had revenue of $810.30 million for the quarter, compared to analysts’ expectations of $852.68 million.
A number of hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its stake in Kinross Gold by 6.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock worth $146,000 after purchasing an additional 2,116 shares during the period. CIBC Asset Management Inc boosted its stake in Kinross Gold by 1.1% in the 4th quarter. CIBC Asset Management Inc now owns 1,260,926 shares of the mining company’s stock worth $5,460,000 after purchasing an additional 13,788 shares during the period. Gotham Asset Management LLC boosted its stake in Kinross Gold by 53.2% in the 2nd quarter. Gotham Asset Management LLC now owns 41,487 shares of the mining company’s stock worth $169,000 after purchasing an additional 14,398 shares during the period. GSA Capital Partners LLP boosted its stake in Kinross Gold by 63.1% in the 2nd quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock worth $154,000 after purchasing an additional 14,674 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in Kinross Gold in the 3rd quarter worth approximately $100,000. Institutional investors and hedge funds own 55.19% of the company’s stock.
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About Kinross Gold
Kinross Gold Corporation is a gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
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