FY2024 EPS Forecast for Kinross Gold Boosted by Analyst

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Research analysts at National Bank Financial upped their FY2024 earnings per share estimates for Kinross Gold in a report released on Wednesday, November 6th. National Bank Financial analyst M. Parkin now anticipates that the company will earn $1.14 per share for the year, up from their previous forecast of $1.08. 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 $1.58 EPS.

Other research analysts have also recently issued research reports about the company. Eight Capital increased their price target on Kinross Gold from C$15.00 to C$16.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Canaccord Genuity Group dropped their price target on shares of Kinross Gold from C$17.00 to C$16.50 and set a "buy" rating on the stock in a research report on Friday, September 13th. Stifel Nicolaus increased their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Finally, National Bankshares boosted their target price on Kinross Gold from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$16.70.

Kinross Gold Stock Performance

K traded down C$0.28 during trading on Friday, reaching C$14.55. 2,569,397 shares of the company were exchanged, compared to its average volume of 3,307,345. 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 has a market cap of C$17.90 billion, a P/E ratio of 27.46, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a 52 week low of C$6.46 and a 52 week high of C$14.95. The firm has a 50 day moving average of C$13.23 and a 200 day moving average of C$11.81.

Insider Transactions at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company's 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 Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. Also, Senior Officer Laurence Davies sold 12,000 shares of the company's stock in a transaction that occurred 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. Insiders have sold a total of 21,163 shares of company stock worth $273,407 in the last 90 days. 0.26% of the stock is owned by insiders.

Kinross Gold Announces Dividend

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

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.