Kinross Gold (KGC) to Release Earnings on Wednesday

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K is anticipated to issue its Q4 2024 quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $1.47 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. On average, analysts expect Kinross Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kinross Gold Stock Performance

Shares of KGC traded down $0.75 during trading hours on Thursday, reaching $11.41. 36,533,089 shares of the company traded hands, compared to its average volume of 22,246,475. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. The stock's fifty day moving average is $10.33 and its 200 day moving average is $9.80. Kinross Gold has a 1-year low of $4.75 and a 1-year high of $12.28. The stock has a market cap of $14.02 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.05%. Kinross Gold's dividend payout ratio (DPR) is 19.67%.

Wall Street Analyst Weigh In

KGC has been the topic of several recent research reports. CIBC lifted their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kinross Gold currently has a consensus rating of "Buy" and an average price target of $11.63.

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.