Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Cormark upped their Q3 2018 earnings per share (EPS) estimates for shares of Kinross Gold in a research note issued on Thursday. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.03 for the quarter, up from their previous forecast of $0.01. Cormark also issued estimates for Kinross Gold’s Q4 2018 earnings at $0.03 EPS and FY2018 earnings at $0.08 EPS.
A number of other analysts also recently weighed in on K. Macquarie increased their price target on shares of Kinross Gold from C$6.00 to C$7.00 and gave the company an “outperform” rating in a report on Monday, November 13th. National Bank Financial increased their price target on shares of Kinross Gold from C$6.50 to C$7.50 in a report on Friday, January 26th. Desjardins reissued a “sell” rating on shares of Kinross Gold in a report on Monday, December 11th. Canaccord Genuity increased their price target on shares of Kinross Gold from C$9.25 to C$10.50 in a report on Friday, January 19th. Finally, Eight Capital reissued a “neutral” rating on shares of Kinross Gold in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Kinross Gold currently has an average rating of “Hold” and an average price target of C$6.59.
In other news, insider Michel Sylvestre sold 10,385 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$5.36, for a total transaction of C$55,663.60. Also, insider Paul Botond Stilicho Tomory sold 37,288 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of C$4.93, for a total transaction of C$183,829.84. Insiders have sold a total of 47,686 shares of company stock valued at $239,558 over the last ninety days.
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About Kinross Gold
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The company's 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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