National Bank Financial issued their Q3 2017 earnings estimates for shares of Kinross Gold in a research report issued to clients and investors on Tuesday.
A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Canada Pension Plan Investment Board now owns 2,798,233 shares of the mining company's stock valued at $11,369,000 after buying an additional 1,018,533 shares in the last quarter.
A number of other analysts have also commented on KGC.
Kinross Gold Corporation (NYSE:KGC) received a Buy rating from 5 analysts. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Kinross Gold Corp. The company's 50 day moving average price is $3.86 and its 200 day moving average price is $4.66. RBC Capital Markets maintained it with "Outperform" rating and $10 target in Friday, September 23 report.
Several equities research analysts recently issued reports on the company. The stock traded on unusually slightly up volume of 6.27 Million comparing to the average volume of 10116.77 shares, completing picture of exact trends with uncompleted dots in volume over the norm.
Recent session action on shares of United States Steel Corporation (NYSE:X) puts the stock on today's active list. It has a 0.91 P/E ratio.
The High Revenue estimate is predicted as 826600, while the Low Revenue Estimate prediction stands at 660000.
Many analysts are providing their Estimated Earnings analysis for Kinross Gold Corporation and for the current quarter 13 analysts have projected that the stock could give an Average Earnings estimate of $0.02/share. Kinross Gold Corporation (USA)'s Wall Street analysts see -75.00 % negative EPS growth, taking into account the $0.04 EPS reproted in the previous quarter, The stock increased 1.30% or $0.06 during the last trading session, reaching $4.3. The firm earned $910.20 million during the quarter, compared to the consensus estimate of $915.18 million. The company's quarterly revenue was down.9% compared to the same quarter previous year. The expected KGC's profit could reach $12.44M giving the stock 107.50 P/E in the case that $0.01 earnings per share is reported. The stock of Kinross Gold Corporation (TSE:K) earned "Sector Perform" rating by RBC Capital Markets on Tuesday, November 24. When we look at the Volatility of the company, Week Volatility is at 2.70% whereas Month Volatility is at 2.72%.
Hsbc Holdings Plc decreased Kinross Gold Corp (KGC) stake by 30.9% reported in 2017Q2 SEC filing. GSA Capital Partners LLP now owns 37,944 shares of the mining company's stock valued at $154,000 after buying an additional 14,674 shares during the period. Concert Wealth Management Inc. boosted its stake in Kinross Gold Corp.by 8.4% in the second quarter. The number of shares now owned by investors are 1.25 bln. Finally, Creative Planning raised its stake in Kinross Gold Corporation by 14.2% in the second quarter. The company has market cap of $5.35 billion.
For investors it's vital to know about both type of ownership about firm, as institutional ownership is the percentage of a stock's float owned by institutions such as mutual funds, pension funds and endowments.
Commerzbank Aktiengesellschaft who had been investing in Kinross Gold Corp for a number of months, seems to be bullish on the $5.35B market cap company. The Firm 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. The Company's divisions include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.