Kinross Gold Co. (TSE:K – Free Report) (NYSE:KGC) – Investment analysts at Stifel Canada boosted their FY2024 earnings estimates for shares of Kinross Gold in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the company will post earnings per share of $0.97 for the year, up from their previous forecast of $0.80. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Stifel Canada also issued estimates for Kinross Gold’s FY2025 earnings at $1.44 EPS and FY2026 earnings at $1.20 EPS.
Several other brokerages have also recently weighed in on K. Eight Capital lifted their price target on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Canaccord Genuity Group cut their target price on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a report on Friday, September 13th. Stifel Nicolaus increased their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday. Finally, National Bankshares lifted their price objective on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Kinross Gold has an average rating of “Buy” and a consensus target price of C$16.70.
Kinross Gold Stock Up 0.5 %
TSE:K opened at C$14.90 on Thursday. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The company’s fifty day moving average price is C$12.86 and its 200-day moving average price is C$11.42. Kinross Gold has a 1-year low of C$6.46 and a 1-year high of C$14.95. The firm has a market capitalization of C$18.33 billion, a P/E ratio of 27.59, a PEG ratio of -0.60 and a beta of 1.24.
Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The firm had revenue of C$1.67 billion during the quarter, compared to analysts’ expectations of C$1.39 billion. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%.
Kinross Gold Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were given a $0.041 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.10%. Kinross Gold’s dividend payout ratio is 29.63%.
Insider Activity at Kinross Gold
In other news, Senior Officer Laurence Davies sold 12,000 shares of Kinross Gold stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$13.05, for a total transaction of C$156,600.00. In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. Also, Senior Officer Laurence Davies sold 12,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$13.05, for a total transaction of C$156,600.00. Over the last 90 days, insiders sold 21,163 shares of company stock valued at $273,407. 0.26% of the stock is currently owned by insiders.
About Kinross Gold
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.
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