Kinross Gold Co. (NYSE:KGC) (TSE:K) – National Bank Financial raised their FY2017 EPS estimates for Kinross Gold in a report issued on Sunday. National Bank Financial analyst S. Parsons now expects that the mining company will post earnings per share of $0.06 for the year, up from their prior estimate of $0.01. National Bank Financial also issued estimates for Kinross Gold’s FY2019 earnings at $0.17 EPS.

Kinross Gold (NYSE:KGC) last announced its quarterly earnings data on Tuesday, May 2nd. The mining company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. Kinross Gold had a positive return on equity of 1.23% and a negative net margin of 26.82%. The business had revenue of $796.10 million for the quarter, compared to analysts’ expectations of $790.06 million. Kinross Gold’s quarterly revenue was up 1.7% compared to the same quarter last year.

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Earnings History and Estimates for Kinross Gold (NYSE:KGC)

KGC has been the topic of several other research reports. Zacks Investment Research downgraded Kinross Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Jefferies Group LLC lifted their target price on Kinross Gold from $3.50 to $4.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Scotiabank set a $4.00 target price on Kinross Gold and gave the stock a “sector perform” rating in a report on Thursday, May 4th. Deutsche Bank AG dropped their target price on Kinross Gold from $4.00 to $3.80 and set a “hold” rating for the company in a report on Tuesday, March 21st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $4.75 price objective (up previously from $4.25) on shares of Kinross Gold in a report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $4.68.

Shares of Kinross Gold (NYSE:KGC) opened at 4.20 on Wednesday. Kinross Gold has a 12 month low of $2.88 and a 12 month high of $5.81. The stock’s 50 day moving average price is $3.70 and its 200 day moving average price is $3.56. The company’s market capitalization is $5.24 billion.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KGC. Sumitomo Mitsui Trust Holdings Inc. raised its position in Kinross Gold by 2.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,197,240 shares of the mining company’s stock worth $17,695,000 after buying an additional 87,250 shares during the period. APG Asset Management N.V. boosted its stake in Kinross Gold by 4.8% in the third quarter. APG Asset Management N.V. now owns 11,452,659 shares of the mining company’s stock worth $63,333,000 after buying an additional 528,600 shares in the last quarter. Chelsea Counsel Co. boosted its stake in Kinross Gold by 0.3% in the third quarter. Chelsea Counsel Co. now owns 65,593 shares of the mining company’s stock worth $276,000 after buying an additional 181 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Kinross Gold by 13.8% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 10,525,678 shares of the mining company’s stock worth $58,207,000 after buying an additional 1,273,400 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in Kinross Gold by 101.9% in the third quarter. Acrospire Investment Management LLC now owns 31,900 shares of the mining company’s stock worth $134,000 after buying an additional 16,100 shares in the last quarter. Institutional investors and hedge funds own 60.70% of the company’s stock.

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.

5 Day Chart for NYSE:KGC

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