Kinross Gold (KGC) Scheduled to Post Earnings on Tuesday

Kinross Gold (NYSE:KGC) (TSE:K) will post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Kinross Gold to post earnings of $0.16 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, July 31st. The mining company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 9.32%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $0.14 EPS. The business’s revenue was up 11.6% on a year-over-year basis. On average, analysts expect Kinross Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kinross Gold Trading Down 1.0 %

Shares of KGC opened at $9.98 on Friday. The stock’s 50-day moving average price is $9.62 and its 200 day moving average price is $8.59. The company has a quick ratio of 0.52, a current ratio of 1.27 and a debt-to-equity ratio of 0.19. Kinross Gold has a 12-month low of $4.75 and a 12-month high of $10.82. The firm has a market capitalization of $12.27 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 0.53 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KGC shares. CIBC raised their target price on Kinross Gold from $8.15 to $12.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Jefferies Financial Group upped their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Scotiabank increased their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, StockNews.com lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.