Kinross Gold (NYSE:KGC) Posts Earnings Results, Misses Expectations By $0.03 EPS

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K announced its quarterly earnings data on Wednesday. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03), Zacks reports. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%.

Kinross Gold Stock Down 1.3 %

NYSE KGC traded down $0.15 during midday trading on Friday, hitting $11.27. 22,320,648 shares of the company traded hands, compared to its average volume of 20,737,160. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The company has a market cap of $13.85 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. The company's 50-day simple moving average is $10.39 and its 200-day simple moving average is $9.84. Kinross Gold has a 52 week low of $4.75 and a 52 week high of $12.28.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.07%. Kinross Gold's dividend payout ratio (DPR) is presently 19.67%.

Analyst Ratings Changes

Several brokerages recently issued reports on KGC. CIBC increased their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $11.63.

About Kinross Gold

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.