Kinross Gold Co. (TSE:K) Forecasted to Earn FY2019 Earnings of $0.21 Per Share

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Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities researchers at Jefferies Financial Group upped their FY2019 earnings per share estimates for shares of Kinross Gold in a research note issued on Tuesday, July 9th. Jefferies Financial Group analyst C. Lafemina now expects that the company will earn $0.21 per share for the year, up from their prior forecast of $0.20. Jefferies Financial Group also issued estimates for Kinross Gold’s FY2020 earnings at $0.18 EPS and FY2021 earnings at $0.13 EPS.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C$0.09 earnings per share for the quarter, topping the consensus estimate of C$0.02 by C$0.07. The company had revenue of C$1.05 billion during the quarter, compared to analysts’ expectations of C$1.08 billion.

Several other analysts also recently commented on K. National Bank Financial downgraded Detour Gold to a “hold” rating in a research note on Friday, June 28th. Canaccord Genuity downgraded ProMetic Life Sciences to a “hold” rating in a research note on Tuesday, April 23rd.

Kinross Gold stock opened at C$5.25 on Wednesday. The company has a debt-to-equity ratio of 41.71, a current ratio of 3.02 and a quick ratio of 1.01. The stock has a market cap of $6.69 billion and a P/E ratio of -100.96. The stock has a 50 day moving average of C$4.78. Kinross Gold has a twelve month low of C$3.15 and a twelve month high of C$5.40.

About Kinross Gold

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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