Q3 2022 Earnings Estimate for Kinross Gold Co. Issued By Cormark (TSE:K)

Kinross Gold Co. (TSE:KGet Rating) (NYSE:KGC) – Research analysts at Cormark lowered their Q3 2022 EPS estimates for shares of Kinross Gold in a report released on Tuesday, September 20th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.09 per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Kinross Gold’s current full-year earnings is $0.54 per share.

Kinross Gold (TSE:KGet Rating) (NYSE:KGC) last announced its earnings results on Wednesday, July 27th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.07). The business had revenue of C$1.05 billion for the quarter.

Separately, National Bankshares decreased their price target on shares of Kinross Gold from C$9.25 to C$8.25 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$9.14.

Kinross Gold Stock Performance

Shares of K opened at C$4.68 on Wednesday. Kinross Gold has a one year low of C$3.92 and a one year high of C$8.94. The company has a 50-day moving average of C$4.39 and a two-hundred day moving average of C$5.58. The stock has a market cap of C$6.08 billion and a price-to-earnings ratio of 24.63. The company has a debt-to-equity ratio of 42.01, a current ratio of 3.00 and a quick ratio of 1.04.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, August 17th. Kinross Gold’s dividend payout ratio is 63.16%.

Insider Activity

In related news, Senior Officer Michiel Van Akkooi sold 10,000 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of C$4.34, for a total transaction of C$43,400.00. Following the transaction, the insider now owns 41,532 shares of the company’s stock, valued at C$180,248.88. In related news, Senior Officer Michiel Van Akkooi sold 10,000 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of C$4.34, for a total transaction of C$43,400.00. Following the transaction, the insider now owns 41,532 shares of the company’s stock, valued at C$180,248.88. Also, Director Glenn Antony Ives bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The shares were bought at an average cost of C$4.35 per share, for a total transaction of C$87,052.80. Following the transaction, the director now directly owns 70,000 shares of the company’s stock, valued at approximately C$304,684.80. Insiders have sold a total of 18,500 shares of company stock valued at $81,240 over the last 90 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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