Monday, 20 November, 2017

FY2018 EPS Estimates for Kinross Gold Corporation (KGC) Increased by Analyst

Kinross Gold’s Valuation Watch for These Catalysts FY2018 EPS Estimates for Kinross Gold Corporation (KGC) Increased by Analyst
Conrad Doyle | 15 November, 2017, 03:04

APG Asset Management N.V. decreased its holdings in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). Vanguard Group Inc. now owns 27,795,576 shares of the mining company's stock worth $97,562,000 after acquiring an additional 1,218,910 shares during the period.

Institutional owners hold 69.90% stake while Insiders ownership held at 17.89% in the company. Vanguard Group Inc. boosted its holdings in shares of Kinross Gold Corporation by 4.6% during the second quarter. The return on assets stands at 1.4%, Return on Equity now is 2.6% and the Return on Investment value is -0.1%. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. Finally, NN Investment Partners Holdings N.V. raised its position in shares of Kinross Gold Corporation by 106.0% during the 2nd quarter. IFP Advisors Inc grew its holdings in Kinross Gold Corporation by 22.0% in the second quarter. CIBC World Markets Inc. now owns 15,919,332 shares of the mining company's stock valued at $64,792,000 after acquiring an additional 234,073 shares during the period. Creative Planning grew its holdings in Kinross Gold Corporation by 14.2% in the second quarter. Creative Planning now owns 44,435 shares of the mining company's stock worth $181,000 after purchasing an additional 5,514 shares during the period.

Shares of Kinross Gold Corp. KGC has diverse figures for different time frames; starting from week's performance plunged 8.00% in last five regular trading sessions. The company has a quick ratio of 2.37, a current ratio of 3.96 and a debt-to-equity ratio of 0.39. The stock's short float is around of 0.77% and short ratio is 0.99. Kinross Gold Corp. has a 52 week low of $1.31 and a 52 week high of $5.82.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, beating the Zacks' consensus estimate of $0.02 by $0.05. According to their predictions high & low revenue estimates are 964.74 Million and 656 Million respectively. Kinross Gold Corporation had a return on equity of 2.58% and a net margin of 3.28%. The company's quarterly revenue was up 12.5% on a year-over-year basis.

Kinross Gold Corporation is maintained at an average outperform rating by 21 stock analysts, and there are at least 0.77% of shares outstanding that are now legally short sold.

COPYRIGHT VIOLATION NOTICE: "Kinross Gold Corporation (KGC) Upgraded to Outperform at Macquarie" was first posted by BBNS and is the property of of BBNS. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & worldwide copyright and trademark laws. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/kinross-gold-corporation-kgc-upgraded-to-outperform-at-macquarie/1775323.html.

KGC has been the topic of a number of other research reports. Jefferies maintained Kinross Gold Corporation (USA) (NYSE:KGC) rating on Monday, September 18. Cousins Properties Incorporated is given 2 buy-equivalent recommendations, 0 sells and 3 holds. It has been assigned a low target price of $3.65 and a high target price of $7.09. The firm has a 50-day moving average price of $3.93 and a 200-day moving average price of $4.69. Through this figure traders can analyze that KGC show whether or not a stock now most active and standing in buying side or sell side. The analyst recommendations from a month ago are 1 Buy, 1 Overweight, 0 Sell, 6 Hold and 0 Underweight. Sell-side analyst recommendations point to a short term price target of $26 on the company shares.

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