Stifel Canada Predicts Stronger Earnings for Kinross Gold

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Stifel Canada upped their FY2024 EPS estimates for Kinross Gold in a note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the company will post earnings of $1.04 per share for the year, up from their previous estimate of $1.03. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share. Stifel Canada also issued estimates for Kinross Gold's Q4 2024 earnings at $0.29 EPS, FY2025 earnings at $1.15 EPS and FY2026 earnings at $1.16 EPS.

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

Kinross Gold Stock Performance

Shares of TSE:K traded down C$0.08 on Thursday, hitting C$16.97. 3,780,146 shares of the company were exchanged, compared to its average volume of 3,043,236. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The stock's 50 day moving average price is C$14.63 and its 200 day moving average price is C$13.57. 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 P/E ratio of 31.43, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Insider Activity at Kinross Gold

In related news, Director George Nickolas Paspalas purchased 5,000 shares of Kinross Gold stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of C$13.79 per share, for a total transaction of C$68,950.00. Also, Director Jonathan Paul Rollinson sold 200,000 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$14.01, for a total transaction of C$2,802,000.00. In the last quarter, insiders sold 1,608,122 shares of company stock valued at $22,536,883. 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.