Kinross Gold Co. (TSE:K) (NYSE:KGC) – Jefferies Group upped their FY2017 EPS estimates for Kinross Gold in a research report issued on Wednesday. Jefferies Group analyst C. Lafemina now anticipates that the company will post earnings of $0.16 per share for the year, up from their prior estimate of $0.10.
Other equities analysts have also recently issued research reports about the company. TD Securities raised Kinross Gold from a “buy” rating to an “action list buy” rating and set a C$7.50 target price for the company in a report on Wednesday, May 10th. BMO Capital Markets raised Kinross Gold from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$3.75 to C$5.00 in a report on Monday, May 29th. CIBC raised Kinross Gold from a “neutral” rating to an “outperform” rating and set a C$4.75 target price for the company in a report on Wednesday, May 3rd. Royal Bank Of Canada increased their target price on Kinross Gold to C$6.50 and gave the company an “outperform” rating in a report on Tuesday, May 9th. Finally, Scotiabank reissued a “sector perform” rating and set a C$4.00 target price on shares of Kinross Gold in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Kinross Gold presently has an average rating of “Buy” and an average target price of C$5.71.
In related news, insider Claude J.S. Schimper sold 14,500 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of C$5.69, for a total value of C$82,505.00. In the last ninety days, insiders sold 22,058 shares of company stock valued at $119,371.
About Kinross Gold
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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