Q4 Earnings Estimate for Kinross Gold Issued By Cormark

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Investment analysts at Cormark increased their Q4 2024 earnings per share (EPS) estimates for Kinross Gold in a research report issued to clients and investors on Thursday, November 7th. Cormark analyst R. Gray now anticipates that the company will earn $0.33 per share for the quarter, up from their prior estimate of $0.25. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share. Cormark also issued estimates for Kinross Gold's FY2025 earnings at $1.25 EPS and FY2026 earnings at $1.20 EPS.

A number of other equities research analysts have also issued reports on the stock. Eight Capital upped their price objective 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. Stifel Nicolaus raised their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares lifted their price target on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group lowered their price objective 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$16.70.

Kinross Gold Price Performance

K traded down C$0.28 on Friday, reaching C$14.55. 2,565,147 shares of the company's stock were exchanged, compared to its average volume of 3,307,467. Kinross Gold has a twelve month low of C$6.46 and a twelve month high of C$14.95. The stock has a market cap of C$17.90 billion, a PE ratio of 26.94, a P/E/G ratio of -0.60 and a beta of 1.24. 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 stock's fifty day moving average price is C$13.23 and its 200-day moving average price is C$11.81.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be paid a dividend of $0.041 per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.13%. Kinross Gold's payout ratio is 29.63%.

Insider Activity at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of Kinross Gold 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. In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total value of C$55,395.00. Also, Senior Officer David C. Shaver sold 4,663 shares of the business's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. Insiders have sold a total of 21,163 shares of company stock valued at $273,407 over the last 90 days. 0.26% of the stock is owned by corporate 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.