Kinross Gold FY2024 EPS Forecast Lifted by Raymond James

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Equities research analysts at Raymond James raised their FY2024 earnings per share (EPS) estimates for shares of Kinross Gold in a report released on Monday, February 3rd. Raymond James analyst F. Hamed now expects that the company will post earnings of $1.04 per share for the year, up from their previous forecast of $0.93. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share. Raymond James also issued estimates for Kinross Gold's Q4 2024 earnings at $0.35 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.22 EPS and Q4 2025 earnings at $0.20 EPS.

A number of other brokerages have also issued reports on K. National Bankshares lifted their target price on Kinross Gold from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Stifel Nicolaus lifted their target price on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$16.70.

Kinross Gold Stock Down 0.5 %

TSE:K traded down C$0.08 during mid-day trading on Wednesday, hitting C$16.97. The company had a trading volume of 3,780,146 shares, compared to its average volume of 3,043,236. The business has a fifty day simple moving average of C$14.63 and a 200-day simple moving average of C$13.57. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$17.21. The firm has a market capitalization of C$20.87 billion, a price-to-earnings ratio of 31.43, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.25 by C$0.08. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. During the same quarter in the previous year, the business earned $0.16 EPS.

Insiders Place Their Bets

In related news, Director Jonathan Paul Rollinson sold 1,300,000 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$14.00, for a total value of C$18,200,000.00. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$13.91, for a total transaction of C$99,067.02. In the last three months, insiders have sold 1,608,122 shares of company stock worth $22,536,883. Corporate insiders own 0.26% of the company's stock.

Kinross Gold Company Profile

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.