Kinross Gold (KGC) Scheduled to Post Quarterly Earnings on Tuesday

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K is set to announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.16 per share 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 released its quarterly earnings data on Wednesday, July 31st. The mining company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Kinross Gold had a return on equity of 9.32% and a net margin of 10.91%. Kinross Gold's quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. 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 Up 2.5 %

NYSE KGC traded up $0.26 during midday trading on Tuesday, hitting $10.70. 14,658,790 shares of the company traded hands, compared to its average volume of 15,226,536. The company has a market cap of $13.15 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 0.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.27 and a quick ratio of 0.52. The company's 50-day simple moving average is $9.53 and its 200-day simple moving average is $8.50. Kinross Gold has a 52 week low of $4.75 and a 52 week high of $10.82.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 1.12%. Kinross Gold's dividend payout ratio is presently 29.27%.

Analyst Ratings Changes

A number of brokerages have commented on KGC. Scotiabank boosted their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. CIBC boosted their price target on Kinross Gold from $8.15 to $12.00 and gave the stock an "outperformer" rating in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their price target on Kinross Gold from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. Finally, StockNews.com lowered Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Kinross Gold currently has an average rating of "Moderate Buy" and a consensus target price of $9.50.

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.