FY2022 EPS Estimates for Kinross Gold Co. (TSE:K) Cut by Cormark

Kinross Gold Co. (TSE:KGet Rating) (NYSE:KGC) – Investment analysts at Cormark lowered their FY2022 earnings estimates for Kinross Gold in a research note issued on Tuesday, April 26th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.57 per share for the year, down from their previous estimate of $0.69. Cormark has a “Sector Perform” rating and a $8.00 price target on the stock.

Kinross Gold (TSE:KGet Rating) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, February 16th. The company reported C$0.10 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.08 by C$0.02. The company had revenue of C$1.11 billion for the quarter, compared to analysts’ expectations of C$1.16 billion.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada cut Kinross Gold from an “outperform” rating to a “hold” rating and set a C$6.00 price target on the stock. in a report on Wednesday, April 20th. Canaccord Genuity Group boosted their target price on shares of Kinross Gold from C$9.50 to C$12.00 in a research report on Friday, April 22nd. Eight Capital upped their price objective on shares of Kinross Gold from C$11.00 to C$11.50 and gave the company a “buy” rating in a research report on Thursday, April 21st. Bank of America reaffirmed a “buy” rating and set a C$7.65 price objective on shares of Kinross Gold in a research report on Tuesday, April 12th. Finally, Raymond James upped their target price on shares of Kinross Gold to C$10.00 and gave the company an “outperform” rating in a research note on Thursday, February 17th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$9.69.

K stock opened at C$6.46 on Thursday. The company has a quick ratio of 0.87, a current ratio of 2.63 and a debt-to-equity ratio of 25.34. The stock has a market capitalization of C$8.38 billion and a price-to-earnings ratio of 30.19. The stock’s fifty day simple moving average is C$7.18 and its 200-day simple moving average is C$7.33. Kinross Gold has a 52-week low of C$6.32 and a 52-week high of C$10.06.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Wednesday, March 9th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, March 8th. Kinross Gold’s dividend payout ratio is presently 56.07%.

In other news, Director Jonathan Paul Rollinson sold 24,551 shares of the business’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of C$7.16, for a total value of C$175,785.16. Following the completion of the transaction, the director now directly owns 2,725,287 shares in the company, valued at approximately C$19,513,054.92. Insiders sold a total of 53,003 shares of company stock valued at $372,110 in the last quarter.

Kinross Gold Company Profile (Get Rating)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, 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.

Featured Articles

Earnings History and Estimates for Kinross Gold (TSE:K)

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