• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Risk-to-Price Commentary: Kinross Gold Corp. Feb 13 Product Image

Risk-to-Price Commentary: Kinross Gold Corp. Feb 13

  • Published: February 2013
  • Standard & Poors

On Feb. 13, 2013, Kinross Gold Corp., the Canadian gold mining and processing company, is poised to report fourth-quarter net income of $244m, according to S&P Capital IQ analysts, 24% higher than fourth-quarter 2011. On Nov. 7, 2012, the company beat consensus analyst estimates by reporting third quarter net income of $225 million, a modest increase over $207 million for the same period in 2011. Third-quarter adjusted net earnings declined 7% to $250 million, partly due to a severance package the company paid its former CEO. Earlier in the year, Kinross announced a cost reduction initiative and has targeted a $200m capital expenditure budget reduction for 2012. In our Feb. 1, 2013, review of the North American materials subsector, the...

Companies mentioned in this report are:
- Kinross Gold Corp.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes READ MORE >

- Kinross Gold Corp.

Note: Product cover images may vary from those shown