Kinross Gold Corp reports results for the quarter ended June 30 - Earnings Summary
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Kinross Gold Corp reported adjusted earnings of 44 cents per share for the quarter ended June 30, significantly higher than last year's 14 cents and above analysts' expectations of 29 cents. Revenue increased by 41.7% to $1.73 billion, surpassing the forecast of $1.47 billion. The company’s net income was $530.7 million, and shares rose 2.4% this quarter, totaling a 72.7% gain for the year. Analysts maintain a "buy" rating, with a median 12-month price target of $18.75, 17.8% above the last closing price of $15.42.
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