Analysts See $0.06 EPS for Kinross Gold Corporation (K)

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08 July, 2017

The stock declined 1.53% or $0.06 reaching $3.85 on the news.

AQR Capital Management LLC cut its stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 48.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can raised its position in shares of Kinross Gold Corporation by 6.9% in the first quarter. Similarly, the company's last 5 years high P/E ratio is 0 and low P/E is 0, whereas, the industry's and sector's high P/E for the past year is 325.75 and 143.63 respectively and low P/E ratio for the last 5 years is 4.71 for the industry and 14.28 for the Sector. Karp Capital Management Corp acquired a new stake in Kinross Gold Corporation during the first quarter worth $235,000. Norges Bank acquired a new position in Kinross Gold Corporation during the fourth quarter valued at approximately $39,751,000.

These analysts also forecasted Growth Estimates for the Current Quarter for KGC to be 300%. Capstone Asset Management Co. increased its position in shares of Kinross Gold Corporation by 3.1% in the first quarter. The firm owned 12,202,012 shares of the mining company's stock after selling 11,423,438 shares during the period. Finally, TD Asset Management Inc. increased its stake in shares of Kinross Gold Corporation by 26.3% in the first quarter. GSA Capital Partners LLP now owns 135,120 shares of the mining company's stock valued at $420,000 after buying an additional 63,822 shares during the last quarter.

Shares of Kinross Gold Corporation (NYSE KGC) opened at 3.97 on Thursday. The company had a trading volume of 7,558,523 shares. Kinross Gold Corporation has a 52 week low of $2.88 and a 52 week high of $5.81. Narrowing in, the stock is at a distance of -18.45% from the 50 day high and 13.43% off of the 50 day low. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) earned "Action List Buy" rating by TD Securities on Thursday, May 11. The mining company reported $0.02 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.01 by $0.01. The firm had revenue of $796.10 million for the quarter, compared to analysts' expectations of $790.06 million. Kinross Gold Corporation had a positive return on equity of 2.13% and a negative net margin of 0.13%. The company's revenue for the quarter was up 1.7% compared to the same quarter past year.

While looking at the Stock's Performance, Kinross Gold Corporation now shows a Weekly Performance of -4.87%, where Monthly Performance is -15.55%, Quarterly performance is 8.61%, 6 Months performance is 18.84% and yearly performance percentage is -31.88%.

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A number of research analysts have recently weighed in on the company. Out of the analyst recommendations 3 rate Kinross Gold Corp (NYSE:KGC) stock a Buy, 7 rate the stock Outperform, 10 rate Hold, 0 rate Underperform and 2 recommend a Sell. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and -17.21. Raymond James Financial, Inc. restated an "ourperform" rating and issued a $6.00 price objective on shares of Kinross Gold Corporation in a report on Thursday, June 15th. Quaker Capital Investments Llc who had been investing in Kinross Gold Corp for a number of months, seems to be bullish on the $4.76 billion market cap company.


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