National Bank Financial Brokers Raise Earnings Estimates for Kinross Gold Co. (TSE:K)

Kinross Gold Co. (TSE:KGet Rating) (NYSE:KGC) – Stock analysts at National Bank Financial boosted their FY2022 EPS estimates for shares of Kinross Gold in a note issued to investors on Wednesday, May 11th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of $0.67 for the year, up from their prior estimate of $0.55. National Bank Financial also issued estimates for Kinross Gold’s FY2023 earnings at $0.83 EPS.

Several other research analysts have also issued reports on the stock. Bank of America restated a “buy” rating and set a C$7.65 price target on shares of Kinross Gold in a report on Tuesday, April 12th. Eight Capital raised their price target on shares of Kinross Gold from C$11.00 to C$11.50 and gave the stock a “buy” rating in a report on Thursday, April 21st. Credit Suisse Group lowered shares of Kinross Gold to a “hold” rating and lowered their price objective for the company from C$9.00 to C$5.25 in a research note on Thursday, March 3rd. National Bankshares lifted their price objective on shares of Kinross Gold from C$11.00 to C$12.00 in a research note on Wednesday, April 20th. Finally, BMO Capital Markets started coverage on shares of Kinross Gold in a research note on Friday, January 21st. They issued a “buy” rating and a C$11.50 price objective for the company. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kinross Gold presently has an average rating of “Buy” and an average target price of C$9.69.

Kinross Gold stock opened at C$5.28 on Friday. The company has a debt-to-equity ratio of 25.34, a quick ratio of 0.87 and a current ratio of 2.63. Kinross Gold has a 52-week low of C$5.15 and a 52-week high of C$10.06. The firm has a 50 day moving average price of C$7.05 and a two-hundred day moving average price of C$7.24. The firm has a market cap of C$6.85 billion and a price-to-earnings ratio of 25.81.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, June 1st. Kinross Gold’s dividend payout ratio is 55.30%.

In other Kinross Gold news, Director Jonathan Paul Rollinson sold 28,434 shares of Kinross Gold stock in a transaction on Thursday, February 24th. The shares were sold at an average price of C$6.90, for a total transaction of C$196,194.60. Following the transaction, the director now directly owns 2,700,776 shares of the company’s stock, valued at approximately C$18,635,354.40. Insiders have sold a total of 53,003 shares of company stock worth $372,110 over the last ninety days.

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.

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

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