FY2020 EPS Estimates for Kinross Gold Co. (KGC) Raised by Analyst

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Analysts at Jefferies Group lifted their FY2020 EPS estimates for Kinross Gold in a research note issued to investors on Friday. Jefferies Group analyst C. Lafemina now anticipates that the mining company will post earnings per share of $0.19 for the year, up from their previous forecast of $0.13. Jefferies Group currently has a “Hold” rating and a $4.00 price target on the stock.

Several other research analysts have also recently commented on the company. BMO Capital Markets reissued a “buy” rating and set a $5.25 price target on shares of Kinross Gold in a research report on Wednesday, September 20th. Zacks Investment Research cut Kinross Gold from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. TD Securities set a $6.00 price target on Kinross Gold and gave the company a “buy” rating in a research report on Thursday, October 19th. Royal Bank of Canada set a $5.00 price target on Kinross Gold and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Macquarie raised Kinross Gold from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $4.40 to $4.37 in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Kinross Gold currently has an average rating of “Hold” and an average target price of $4.86.

Kinross Gold (NYSE KGC) traded down $0.11 during mid-day trading on Monday, hitting $4.34. The stock had a trading volume of 7,680,891 shares, compared to its average volume of 8,981,600. The company has a quick ratio of 2.18, a current ratio of 3.96 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $5,400.00, a PE ratio of 48.22 and a beta of 0.11. Kinross Gold has a 52 week low of $3.15 and a 52 week high of $4.91.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $828.00 million during the quarter, compared to analysts’ expectations of $787.40 million. Kinross Gold had a return on equity of 2.58% and a net margin of 3.28%. Kinross Gold’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share.

Large investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC bought a new stake in Kinross Gold in the third quarter valued at approximately $100,000. Van Hulzen Asset Management LLC bought a new stake in Kinross Gold in the third quarter valued at approximately $108,000. Sigma Planning Corp bought a new stake in Kinross Gold in the third quarter valued at approximately $121,000. Raymond James Financial Services Advisors Inc. raised its stake in Kinross Gold by 6.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock valued at $146,000 after buying an additional 2,116 shares during the period. Finally, GSA Capital Partners LLP raised its stake in Kinross Gold by 63.1% in the second quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock valued at $154,000 after buying an additional 14,674 shares during the period. Hedge funds and other institutional investors own 55.79% of the company’s stock.

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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.

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

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