FY2024 EPS Estimates for Kinross Gold Increased by Analyst

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities research analysts at National Bank Financial lifted their FY2024 earnings per share estimates for shares of Kinross Gold in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $1.08 per share for the year, up from their previous estimate of $0.88. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. National Bank Financial also issued estimates for Kinross Gold’s FY2025 earnings at $1.57 EPS.

Several other equities research analysts also recently weighed in on K. National Bankshares increased their price target on Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group reduced their price target on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Stifel Nicolaus upped their price objective on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday. Finally, Eight Capital lifted their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$16.70.

Kinross Gold Trading Up 0.5 %

Kinross Gold stock opened at C$14.90 on Friday. Kinross Gold has a 52 week low of C$6.46 and a 52 week high of C$14.95. The stock has a 50-day moving average price of C$12.86 and a 200 day moving average price of C$11.42. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The company has a market capitalization of C$18.33 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last released its earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The company had revenue of C$1.67 billion for the quarter, compared to the consensus estimate of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%.

Kinross Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were paid a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.10%. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, August 22nd. Kinross Gold’s dividend payout ratio (DPR) is 29.63%.

Insider Buying and Selling

In related news, Senior Officer Laurence Davies sold 12,000 shares of the firm’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. In other Kinross Gold 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 value of C$156,600.00. Also, Senior Officer David C. Shaver sold 4,663 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. Over the last 90 days, insiders have sold 21,163 shares of company stock worth $273,407. 0.26% of the stock is owned by corporate insiders.

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.