Brokers Issue Forecasts for Kinross Gold FY2024 Earnings

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Investment analysts at National Bank Financial dropped their FY2024 earnings estimates for Kinross Gold in a report released on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $1.06 for the year, down from their previous forecast of $1.14. 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 $1.54 EPS.

A number of other research firms have also recently issued reports on K. Stifel Nicolaus lifted their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. National Bankshares lifted their price objective on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$17.10.

Kinross Gold Stock Down 1.4 %

Shares of TSE K traded down C$0.22 during mid-day trading on Thursday, reaching C$15.99. The company had a trading volume of 3,129,325 shares, compared to its average volume of 3,113,306. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The company has a market capitalization of C$13.90 billion, a price-to-earnings ratio of 18.82, a PEG ratio of -0.60 and a beta of 1.24. The stock has a fifty day moving average of C$14.93 and a two-hundred day moving average of C$13.75. Kinross Gold has a 12-month low of C$6.46 and a 12-month high of C$17.63.

Insider Transactions at Kinross Gold

In other Kinross Gold news, Director Jonathan Paul Rollinson sold 1,300,000 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total value of C$18,200,000.00. Also, Director George Nickolas Paspalas purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of C$13.79 per share, with a total value of C$68,950.00. In the last ninety days, insiders sold 1,408,122 shares of company stock valued at $19,734,883. Corporate insiders own 0.26% of the company's stock.

Kinross Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.75%. Kinross Gold's dividend payout ratio is currently 18.84%.

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.