Kinross Gold’s (KGC) Sell Rating Reiterated at Desjardins

Kinross Gold (NYSE:KGC) (TSE:K)‘s stock had its “sell” rating reissued by equities research analysts at Desjardins in a report issued on Monday. Desjardins also issued estimates for Kinross Gold’s FY2017 earnings at $0.16 EPS, FY2018 earnings at $0.10 EPS, FY2019 earnings at $0.06 EPS, FY2020 earnings at $0.10 EPS and FY2021 earnings at ($0.02) EPS.

A number of other equities research analysts have also weighed in on KGC. Jefferies Group set a $4.00 price objective on Kinross Gold and gave the company a “hold” rating in a report on Tuesday, August 15th. BidaskClub raised Kinross Gold from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Kinross Gold in a report on Friday, August 18th. ValuEngine raised Kinross Gold from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Citigroup raised Kinross Gold from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $3.25 to $4.75 in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.88.

Kinross Gold (NYSE:KGC) opened at $3.80 on Monday. The stock has a market capitalization of $4,763.54, a PE ratio of 42.44 and a beta of 0.11. Kinross Gold has a 52-week low of $2.88 and a 52-week high of $4.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.96 and a quick ratio of 2.18.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Kinross Gold had a return on equity of 2.58% and a net margin of 3.28%. The firm had revenue of $828.00 million for the quarter, compared to analysts’ expectations of $787.40 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. equities analysts expect that Kinross Gold will post 0.14 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Contrarius Investment Management Ltd boosted its stake in shares of Kinross Gold by 4.0% during the 2nd quarter. Contrarius Investment Management Ltd now owns 16,214,176 shares of the mining company’s stock worth $65,992,000 after acquiring an additional 626,077 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Kinross Gold by 56.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 2,033,931 shares of the mining company’s stock valued at $8,278,000 after buying an additional 730,634 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Kinross Gold by 2.4% in the 2nd quarter. State of Wisconsin Investment Board now owns 1,350,184 shares of the mining company’s stock valued at $5,479,000 after buying an additional 31,400 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Kinross Gold by 39.8% in the 2nd quarter. Alliancebernstein L.P. now owns 155,518 shares of the mining company’s stock valued at $633,000 after buying an additional 44,296 shares in the last quarter. Finally, Korea Investment CORP lifted its stake in Kinross Gold by 71.0% in the 3rd quarter. Korea Investment CORP now owns 134,148 shares of the mining company’s stock valued at $567,000 after buying an additional 55,691 shares in the last quarter. 55.81% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.com-unik.info/2017/12/13/kinross-golds-kgc-sell-rating-reiterated-at-desjardins.html.

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.

Analyst Recommendations for Kinross Gold (NYSE:KGC)

What are top analysts saying about Kinross Gold? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Kinross Gold and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit