Kinross Gold (K) Set to Announce Quarterly Earnings on Wednesday

Kinross Gold (TSE:KGet Rating) (NYSE:KGC) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 27th. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

Kinross Gold (TSE:KGet Rating) (NYSE:KGC) last released its quarterly earnings data on Tuesday, May 10th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The company had revenue of C$972.85 million for the quarter.

Kinross Gold Stock Up 1.9 %

K stock opened at C$4.23 on Wednesday. The company has a current ratio of 3.31, a quick ratio of 0.82 and a debt-to-equity ratio of 43.18. Kinross Gold has a 1 year low of C$3.92 and a 1 year high of C$8.94. The company has a fifty day simple moving average of C$5.19 and a 200 day simple moving average of C$6.41. The firm has a market cap of C$5.50 billion and a PE ratio of 18.39.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Wednesday, June 1st. Kinross Gold’s payout ratio is presently 52.17%.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 34,360 shares of the business’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of C$5.30, for a total value of C$182,108.00. Following the transaction, the insider now directly owns 105,811 shares in the company, valued at C$560,798.30.

Analyst Ratings Changes

Several research firms recently issued reports on K. Cormark lifted their price objective on shares of Kinross Gold from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 6th. Royal Bank of Canada downgraded shares of Kinross Gold from an “outperform” rating to a “hold” rating and set a C$6.00 target price on the stock. in a report on Wednesday, April 20th. Bank of America reiterated a “buy” rating and issued a C$7.65 target price on shares of Kinross Gold in a report on Tuesday, April 12th. Canaccord Genuity Group lifted their target price on shares of Kinross Gold from C$9.50 to C$12.00 in a report on Friday, April 22nd. Finally, Eight Capital boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$9.78.

About Kinross Gold

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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 for Kinross Gold (TSE:K)

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