FY2027 EPS Estimates for Kinross Gold Reduced by Scotiabank

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Scotiabank dropped their FY2027 EPS estimates for Kinross Gold in a report released on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now forecasts that the company will earn $3.82 per share for the year, down from their prior forecast of $3.87. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Stifel Nicolaus upped their target price on shares of Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. BMO Capital Markets upped their target price on shares of Kinross Gold from C$45.00 to C$55.00 in a research report on Wednesday, April 22nd. Finally, National Bank Financial dropped their target price on shares of Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$51.70.

Kinross Gold Stock Performance

Shares of TSE K opened at C$44.79 on Monday. The company has a debt-to-equity ratio of 9.08, a current ratio of 2.35 and a quick ratio of 1.11. The firm has a fifty day moving average price of C$44.45 and a 200-day moving average price of C$41.35. Kinross Gold has a 1 year low of C$18.53 and a 1 year high of C$53.57. The stock has a market cap of C$53.64 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of -0.60 and a beta of 1.48.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.92 earnings per share (EPS) for the quarter. The firm had revenue of C$2.68 billion during the quarter. Kinross Gold had a net margin of 33.95% and a return on equity of 30.66%.

Insider Buying and Selling at Kinross Gold

In related news, insider Afjal Hashim sold 16,980 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$37.20, for a total transaction of C$631,656.00. Following the completion of the transaction, the insider owned 28,306 shares in the company, valued at approximately C$1,052,983.20. This represents a 37.50% decrease in their ownership of the stock. Corporate insiders own 0.26% of the company’s stock.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.