$0.12 Earnings Per Share Expected for Kinross Gold Co. (NYSE:KGC) This Quarter

Equities research analysts expect that Kinross Gold Co. (NYSE:KGC) (TSE:K) will post earnings of $0.12 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Kinross Gold’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.11. Kinross Gold posted earnings per share of $0.06 in the same quarter last year, which suggests a positive year-over-year growth rate of 100%. The business is expected to announce its next earnings report before the market opens on Thursday, July 30th.

According to Zacks, analysts expect that Kinross Gold will report full-year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.36 to $0.65. For the next year, analysts anticipate that the business will post earnings of $0.61 per share, with EPS estimates ranging from $0.38 to $0.79. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Kinross Gold.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Tuesday, May 5th. The mining company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $879.80 million during the quarter, compared to analysts’ expectations of $867.48 million. Kinross Gold had a net margin of 21.63% and a return on equity of 9.25%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share.

A number of research firms recently issued reports on KGC. TD Securities lifted their target price on Kinross Gold from $6.50 to $7.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. CIBC boosted their price objective on Kinross Gold from $8.60 to $9.00 and gave the stock an “outperformer” rating in a research report on Tuesday, May 12th. Scotiabank upgraded shares of Kinross Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, April 16th. ValuEngine downgraded shares of Kinross Gold from a “hold” rating to a “sell” rating in a research note on Monday, June 1st. Finally, TheStreet raised shares of Kinross Gold from a “c+” rating to a “b-” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Kinross Gold presently has an average rating of “Hold” and a consensus target price of $6.28.

A number of institutional investors and hedge funds have recently made changes to their positions in KGC. Ninety One SA PTY Ltd acquired a new position in Kinross Gold during the first quarter worth approximately $33,000. Titus Wealth Management acquired a new stake in shares of Kinross Gold in the first quarter valued at approximately $40,000. XTX Markets LLC purchased a new position in shares of Kinross Gold during the first quarter worth approximately $41,000. Gill Capital Partners LLC acquired a new position in shares of Kinross Gold in the 1st quarter valued at $41,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Kinross Gold in the 1st quarter valued at $42,000. 54.92% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:KGC traded up $0.19 during trading on Friday, hitting $6.88. The company’s stock had a trading volume of 17,409,345 shares, compared to its average volume of 19,062,196. Kinross Gold has a fifty-two week low of $2.72 and a fifty-two week high of $7.67. The business has a 50 day moving average price of $6.70 and a two-hundred day moving average price of $5.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.06 and a current ratio of 3.58. The company has a market capitalization of $8.41 billion, a PE ratio of 11.10 and a beta of 1.00.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.

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

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