Today: The National Bank Financial Research Analysts Lower Earnings Estimates for Kinross Gold Co. (K)

The National Bank Financial Research Analysts Lower Earnings Estimates for Kinross Gold Co. (K)

Kinross Gold Co. (TSE:K) – Analysts at National Bank Financial reduced their Q3 2016 earnings per share estimates for Kinross Gold in a research report issued to clients and investors on Wednesday. National Bank Financial analyst S. Parsons now forecasts that the firm will post earnings of $0.00 per share for the quarter, down from their prior estimate of $0.04.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada restated an “outperform” rating and issued a C$10.00 price target on shares of Kinross Gold in a report on Friday, September 23rd. TD Securities lowered their price objective on shares of Kinross Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Finally, Canaccord Genuity increased their price objective on shares of Kinross Gold from C$7.75 to C$9.75 in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Kinross Gold presently has an average rating of “Buy” and a consensus price target of C$7.60.

Shares of Kinross Gold (TSE:K) opened at 4.74 on Friday. The stock’s 50 day moving average is $5.37 and its 200 day moving average is $6.08. The stock’s market cap is $5.90 billion. Kinross Gold has a 12 month low of $1.91 and a 12 month high of $7.56.

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