Kinross Gold Co. to Post FY2016 Earnings of ($0.01) Per Share, National Bank Financial Forecasts (K)
Kinross Gold Co. (TSE:K) – Analysts at National Bank Financial decreased their FY2016 earnings estimates for shares of Kinross Gold in a research note issued on Wednesday. National Bank Financial analyst S. Parsons now forecasts that the brokerage will post earnings per share of ($0.01) for the year, down from their prior forecast of $0.12. National Bank Financial also issued estimates for Kinross Gold’s FY2017 earnings at $0.16 EPS.
K has been the subject of several other reports. TD Securities increased their target price on Kinross Gold from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Tuesday, July 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinross Gold in a report on Thursday, June 30th. Finally, Canaccord Genuity raised their price target on Kinross Gold from C$7.75 to C$9.75 in a report on Tuesday, July 12th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$7.60.
Kinross Gold (TSE:K) opened at 4.81 on Monday. The firm’s 50-day moving average is $5.35 and its 200-day moving average is $6.11. The stock’s market cap is $5.99 billion. Kinross Gold has a 12 month low of $1.91 and a 12 month high of $7.56.
About Kinross Gold
Kinross Gold Corporation is 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. Its segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
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