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

Kinross Gold (TSE:K – Get Rating) (NYSE:KGC) is scheduled to announce its earnings results 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:K – Get Rating) (NYSE:KGC) last announced its quarterly earnings results on Tuesday, May 10th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The business had revenue of C$972.85 million during the quarter.

Kinross Gold Stock Performance

Shares of TSE:K opened at C$4.20 on Monday. Kinross Gold has a 12-month low of C$3.92 and a 12-month high of C$8.94. The company has a market capitalization of C$5.46 billion and a PE ratio of 18.26. The business has a 50 day moving average of C$5.11 and a two-hundred day moving average of C$6.34. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Wednesday, June 1st. Kinross Gold’s payout ratio is 52.17%.

Analysts Set New Price Targets

Several research analysts recently commented on K shares. Bank of America reissued a “buy” rating and issued a C$7.65 price objective on shares of Kinross Gold in a research note on Tuesday, April 12th. Canaccord Genuity Group increased their price objective on Kinross Gold from C$9.50 to C$12.00 in a research note on Friday, April 22nd. National Bankshares reduced their price objective on Kinross Gold from C$13.00 to C$9.25 and set an “outperform” rating for the company in a research note on Thursday. Eight Capital upped their target price on Kinross Gold from C$11.00 to C$11.50 and gave the company a “buy” rating in a report on Thursday, April 21st. Finally, Royal Bank of Canada cut Kinross Gold from an “outperform” rating to a “hold” rating and set a C$6.00 target price for the company. in a report on Wednesday, April 20th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$9.58.

Insider Activity

In related news, Senior Officer Claude J.S. Schimper sold 34,360 shares of the stock in a transaction on Monday, June 20th. The shares were sold at an average price of C$5.30, for a total transaction of C$182,108.00. Following the completion of the sale, the insider now owns 105,811 shares in the company, valued at approximately C$560,798.30.

Kinross Gold Company Profile

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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.