National Bank Financial Weighs in on Kinross Gold Co.’s FY2017 Earnings (TSE:K)
Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at National Bank Financial lifted their FY2017 earnings estimates for shares of Kinross Gold in a research report issued to clients and investors on Thursday. National Bank Financial analyst D. Demarco now expects that the company will earn $0.07 per share for the year, up from their previous forecast of $0.05. National Bank Financial currently has a “Sector Perform Market Weight” rating on the stock.
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Other equities analysts also recently issued reports about the stock. TD Securities upgraded shares of Kinross Gold from a “buy” rating to an “action list buy” rating and set a C$7.50 price target on the stock in a research note on Wednesday, May 10th. CIBC upgraded shares of Kinross Gold from a “neutral” rating to an “outperform” rating and set a C$4.75 price target on the stock in a research note on Wednesday, May 3rd. BMO Capital Markets upgraded shares of Kinross Gold from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$3.75 to C$5.00 in a research note on Monday, May 29th. Royal Bank Of Canada upped their price target on shares of Kinross Gold to C$6.50 and gave the company an “outperform” rating in a research note on Tuesday, May 9th. Finally, Scotiabank restated a “sector perform” rating and issued a C$4.00 price target on shares of Kinross Gold in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$5.71.
Kinross Gold (K) opened at 5.24 on Monday. The firm’s market capitalization is $6.53 billion. Kinross Gold has a 1-year low of $3.87 and a 1-year high of $7.23. The company has a 50-day moving average of $5.22 and a 200-day moving average of $5.10.
In related news, insider Claude J.S. Schimper sold 14,500 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of C$5.69, for a total value of C$82,505.00. In the last quarter, insiders sold 22,058 shares of company stock valued at $119,371.
Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The companys gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
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