Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC)‘s stock had its “buy” rating reissued by analysts at Desjardins in a research report issued on Tuesday, MarketBeat.com reports. They presently have a C$8.50 price objective on the stock. Desjardins’ price target suggests a potential upside of 26.68% from the company’s current price. Desjardins also issued estimates for Kinross Gold’s FY2023 earnings at $0.53 EPS, FY2024 earnings at $0.52 EPS, FY2025 earnings at $0.58 EPS and FY2026 earnings at $0.50 EPS.
Several other equities research analysts have also commented on the stock. National Bankshares decreased their price objective on shares of Kinross Gold from C$10.00 to C$9.75 and set an “outperform” rating for the company in a research note on Friday, July 21st. Canaccord Genuity Group increased their price objective on shares of Kinross Gold from C$9.00 to C$9.50 in a research note on Monday, August 14th.
Kinross Gold Stock Up 0.8 %
Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.11 by C$0.08. Kinross Gold had a net margin of 5.06% and a return on equity of 3.22%. The business had revenue of C$1.47 billion for the quarter, compared to analysts’ expectations of C$1.12 billion. Analysts anticipate that Kinross Gold will post 0.5202542 earnings per share for the current year.
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. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.
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