Kinross Gold Co. to Post Q1 2024 Earnings of $0.08 Per Share, National Bank Financial Forecasts (TSE:K)

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at National Bank Financial issued their Q1 2024 EPS estimates for Kinross Gold in a report issued on Thursday, April 18th. National Bank Financial analyst M. Parkin forecasts that the company will post earnings of $0.08 per share for the quarter. National Bank Financial has a “Outperform Overweight” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $0.46 per share. National Bank Financial also issued estimates for Kinross Gold’s FY2024 earnings at $0.61 EPS.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Wednesday, February 14th. The company reported C$0.15 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.03. The business had revenue of C$1.52 billion during the quarter, compared to the consensus estimate of C$1.24 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%.

Separately, Stifel Nicolaus boosted their price target on shares of Kinross Gold from C$9.00 to C$11.50 and gave the stock a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$9.88.

Kinross Gold Stock Performance

Kinross Gold stock opened at C$9.31 on Monday. The company has a quick ratio of 1.11, a current ratio of 2.63 and a debt-to-equity ratio of 36.54. The company has a market capitalization of C$11.45 billion, a PE ratio of 20.24, a P/E/G ratio of -0.60 and a beta of 1.21. The firm has a fifty day simple moving average of C$7.70 and a two-hundred day simple moving average of C$7.58. Kinross Gold has a twelve month low of C$5.91 and a twelve month high of C$9.37.

Kinross Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold’s dividend payout ratio is 34.78%.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total transaction of C$144,508.16. In related news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total value of C$418,609.30. Following the sale, the insider now owns 3 shares in the company, valued at C$20.10. Also, Senior Officer Nathan M. Longenecker sold 29,312 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total transaction of C$144,508.16. Over the last quarter, insiders sold 143,621 shares of company stock valued at $893,873. Corporate insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.