FY2024 EPS Estimates for Kinross Gold Boosted by Scotiabank

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Stock analysts at Scotiabank boosted their FY2024 EPS estimates for shares of Kinross Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $0.95 per share for the year, up from their previous estimate of $0.76. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share. Scotiabank also issued estimates for Kinross Gold's FY2025 earnings at $1.15 EPS.

Other research analysts have also recently issued reports about the company. National Bankshares upped their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Stifel Nicolaus upped their price target on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kinross Gold currently has a consensus rating of "Buy" and a consensus target price of C$16.70.

Kinross Gold Price Performance

Shares of K opened at C$15.08 on Monday. The stock has a 50 day simple moving average of C$13.84 and a 200 day simple moving average of C$13.00. Kinross Gold has a 52-week low of C$6.46 and a 52-week high of C$15.48. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. The firm has a market capitalization of C$18.55 billion, a PE ratio of 27.93, a P/E/G ratio of -0.60 and a beta of 1.24.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were paid a $0.041 dividend. The ex-dividend date of this dividend was Thursday, November 28th. This represents a $0.16 dividend on an annualized basis and a yield of 1.09%. Kinross Gold's dividend payout ratio is 29.63%.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$13.91, for a total transaction of C$99,067.02. Also, Director George Nickolas Paspalas acquired 5,000 shares of Kinross Gold stock in a transaction on Monday, December 16th. The shares were bought at an average cost of C$13.79 per share, with a total value of C$68,950.00. Insiders have sold 1,608,122 shares of company stock valued at $22,536,883 in the last 90 days. 0.26% of the stock is currently owned by insiders.

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.