Kinross Gold Co. (NYSE:KGC) – Equities research analysts at Raymond James reduced their FY2015 earnings per share estimates for Kinross Gold in a report issued on Monday, Zacks Investment Research reports. Raymond James analyst P. Russo now anticipates that the brokerage will post earnings of ($0.08) per share for the year, down from their prior estimate of ($0.07). Raymond James has a “Market Perform” rating and a $2.50 price objective on the stock. The consensus estimate for Kinross Gold’s FY2015 earnings is ($0.06) per share. Raymond James also issued estimates for Kinross Gold’s Q4 2015 earnings at ($0.06) EPS and FY2016 earnings at ($0.01) EPS.

Kinross Gold (NYSE:KGC) last posted its quarterly earnings data on Tuesday, November 10th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. The business had revenue of $809.40 million for the quarter, compared to analysts’ expectations of $714.27 million. The business’s quarterly revenue was down 14.4% on a year-over-year basis.

A number of other equities analysts also recently issued reports on the company. Barclays lowered their price target on Kinross Gold from $3.00 to $2.50 in a research report on Thursday, January 14th. CIBC lowered their price target on Kinross Gold from $2.55 to $2.35 and set a “sector performer” rating on the stock in a research report on Wednesday, January 13th. Zacks Investment Research cut Kinross Gold from a “buy” rating to a “hold” rating in a report on Tuesday, January 12th. Jefferies Group increased their target price on Kinross Gold to $1.50 in a report on Tuesday, January 12th. Finally, RBC Capital raised Kinross Gold from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $2.25 to $2.50 in a report on Tuesday, November 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Kinross Gold has a consensus rating of “Hold” and an average target price of $2.69.

Kinross Gold (NYSE:KGC) opened at 1.59 on Wednesday. The company’s 50-day moving average price is $1.77 and its 200-day moving average price is $1.86. The stock’s market cap is $1.82 billion. Kinross Gold has a 12-month low of $1.31 and a 12-month high of $3.47.

Kinross Gold Corporation is a senior gold mining company. The Company 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 segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano. Its gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. Its gold is produced in the form of dore, which is shipped to refineries for final processing. It also produces and sells silver.

12 Month Chart for NYSE:KGC

Get a free copy of the Zacks research report on Kinross Gold (KGC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Kinross Gold Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold Co. and related companies with MarketBeat.com's FREE daily email newsletter.