Kinross Gold Co. (TSE:K) Expected to Post Q1 2020 Earnings of $0.11 Per Share

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities research analysts at Raymond James increased their Q1 2020 earnings estimates for Kinross Gold in a report issued on Friday, October 18th. Raymond James analyst F. Hamed now anticipates that the company will earn $0.11 per share for the quarter, up from their prior estimate of $0.09. Raymond James also issued estimates for Kinross Gold’s Q2 2020 earnings at $0.11 EPS and FY2020 earnings at $0.42 EPS.

K has been the topic of several other research reports. Beacon Securities reaffirmed a “buy” rating on shares of Kinross Gold in a research note on Tuesday, October 8th. Eight Capital lifted their target price on shares of Kinross Gold from C$5.25 to C$7.50 in a research note on Thursday, August 8th. Canaccord Genuity lifted their target price on shares of Kinross Gold from C$7.25 to C$8.00 in a research note on Tuesday, August 6th. National Bank Financial lifted their target price on shares of Kinross Gold from C$9.25 to C$9.50 and gave the stock an “outperform” rating in a research note on Monday. Finally, CIBC lifted their target price on shares of Kinross Gold from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th.

Kinross Gold stock opened at C$6.01 on Monday. The company’s fifty day moving average price is C$6.45 and its 200 day moving average price is C$5.44. Kinross Gold has a 1 year low of C$3.15 and a 1 year high of C$7.24. The stock has a market capitalization of $7.68 billion and a P/E ratio of -116.35. The company has a debt-to-equity ratio of 41.13, a quick ratio of 1.07 and a current ratio of 2.88.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.04. The company had revenue of C$1.12 billion during the quarter, compared to analyst estimates of C$1.09 billion.

In related news, Senior Officer Geoffrey Peters Gold sold 74,405 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$6.70, for a total value of C$498,513.50. Following the sale, the insider now directly owns 736,290 shares in the company, valued at approximately C$4,933,143. Also, Senior Officer John Lewis Sims sold 5,589 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$6.76, for a total transaction of C$37,781.64. Following the completion of the sale, the insider now owns 20,606 shares in the company, valued at C$139,296.56. Over the last 90 days, insiders sold 121,780 shares of company stock worth $818,970.

Kinross Gold Company Profile

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 (TSE:K)

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