Kinross Gold Co. (K) to Post FY2016 Earnings of ($0.01) Per Share, National Bank Financial Forecasts

Kinross Gold Co. (TSE:K) – Analysts at National Bank Financial cut their FY2016 earnings estimates for Kinross Gold in a research report issued on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the firm will post earnings of ($0.01) per share for the year, down from their prior estimate of $0.12. National Bank Financial also issued estimates for Kinross Gold’s FY2017 earnings at $0.16 EPS.

A number of other analysts have also recently commented on K. Royal Bank Of Canada reissued an “outperform” rating and issued a C$10.00 price target on shares of Kinross Gold in a research report on Friday, September 23rd. TD Securities reaffirmed a “buy” rating and issued a C$7.50 price objective on shares of Kinross Gold in a research report on Monday, July 25th. Finally, Canaccord Genuity upped their price objective on Kinross Gold from C$7.75 to C$9.75 in a research report on Tuesday, July 12th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Kinross Gold has an average rating of “Buy” and an average price target of C$7.60.

Earnings History and Estimates for Kinross Gold (TSE:K)

Shares of Kinross Gold (TSE:K) opened at 4.91 on Monday. The stock’s market capitalization is $6.11 billion. The firm has a 50-day moving average price of $5.33 and a 200-day moving average price of $6.11. Kinross Gold has a 52-week low of $1.91 and a 52-week high of $7.56.

Kinross Gold Company Profile

Kinross Gold Corporation is 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. Its segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

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