Markets

Jefferies Group Analysts Increase Earnings Estimates for Kinross Gold Co. (TSE:K)

Jefferies Group Analysts Increase Earnings Estimates for Kinross Gold Co. (TSE:K)

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Kinross Gold Corporation (KGC) stands at -2.01 while the industry's and the sector's growth for next 5 years ticked at -0.72 and 1.8 respectively. Capstone Asset Management Co. now owns 112,447 shares of the mining company's stock valued at $395,000 after buying an additional 3,420 shares during the last quarter. Bank of Montreal Can raised its stake in Kinross Gold Corporation by 6.9% in the first quarter. (THC) has the trading volume of 6.74 Million shares with the average trading volume of 4930 shares. Virginia Retirement Systems ET AL boosted its position in shares of Kinross Gold Corporation by 17.0% in the second quarter. Van Eck Associates Corp owns $423.71 million in Kinross Gold Corporation, which represents roughly 7.72% of the company's market cap and approximately 13.13% of the institutional ownership. Finally, Mackenzie Financial Corp boosted its position in Kinross Gold Corporation by 0.4% in the first quarter.

Large investors have recently bought and sold shares of the company. Capstone Asset Management Co. increased its position in Kinross Gold Corporation by 3.1% in the first quarter. Shares of KGC moved upward with change of 1.18% to its 50-day Moving average. The value of the investment in Kinross Gold Corporation increased from $1,343,000 to $1,555,000 increasing 15.8% quarter to quarter. A sell rating on the other hand would be a recommendation to sell the security if now held, and avoid purchasing it on the open market.

Several analysts have released their opinion on Kinross Gold Corporation (NYSE:KGC), with 3 analysts believing it is a strong buy. It is trading at $4.26 which is slightly above the 50 day moving average of $4.09 and quite a bit above the 200 day moving average of $3.88.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, August 2nd. The mining company reported $0.04 EPS for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.02. The firm had revenue of $868.60 million during the quarter, compared to the consensus estimate of $825.02 million. The company now has a Return on Equity of 1.3% and a Return on Investment of -0.1%. The business's revenue for the quarter was down.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share.

Kinross Gold Corporation is a gold mining company.

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These firms have also modified their investment in KGC. TD Securities raised Kinross Gold Corporation from a buy rating to an action list buy rating and set a $5.50 target price on the stock in a research note on Wednesday, May 10th. BidaskClub downgraded Kinross Gold Corporation from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Scotiabank upped their price objective on Kinross Gold Corporation from $4.50 to $4.75 and gave the stock a "sector perform" rating in a report on Friday, August 4th. The forecast of 7 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Kinross Gold presently has an average rating of "Buy" and an average target price of C$5.71.

Kinross Gold Corp (NYSE:KGC)'s price to free cash flow for trailing twelve months is 27.96.

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The Company's divisions include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.


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