Q3 2024 EPS Estimates for Kinross Gold Co. Lifted by Analyst (TSE:K)

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Equities researchers at Raymond James raised their Q3 2024 EPS estimates for shares of Kinross Gold in a research note issued to investors on Monday, September 23rd. Raymond James analyst F. Hamed now forecasts that the company will earn $0.22 per share for the quarter, up from their prior forecast of $0.16. The consensus estimate for Kinross Gold's current full-year earnings is $1.02 per share. Raymond James also issued estimates for Kinross Gold's Q4 2024 earnings at $0.26 EPS and FY2024 earnings at $0.82 EPS.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last posted its earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.18 by C$0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. The firm had revenue of C$1.67 billion during the quarter, compared to analyst estimates of C$1.39 billion.

A number of other equities analysts have also recently issued reports on K. Eight Capital lifted their target price on Kinross Gold from C$15.00 to C$16.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. National Bankshares boosted their price objective on Kinross Gold from C$13.75 to C$16.00 and gave the stock an "outperform" rating in a report on Wednesday, July 17th. Finally, Canaccord Genuity Group decreased their target price on shares of Kinross Gold from C$17.00 to C$16.50 and set a "buy" rating for the company in a report on Friday, September 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$14.60.

Kinross Gold Stock Performance

K stock traded up C$0.03 during trading on Wednesday, reaching C$13.15. 3,990,589 shares of the company's stock were exchanged, compared to its average volume of 3,381,422. The firm has a market cap of C$16.17 billion, a PE ratio of 24.30, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The company's fifty day moving average price is C$12.26 and its 200-day moving average price is C$10.57. Kinross Gold has a 1-year low of C$5.91 and a 1-year high of C$13.70.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm's stock in a transaction on Tuesday, August 13th. The shares were 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 on Friday, September 20th. The shares were sold at an average price of C$13.05, for a total transaction of C$156,600.00. Insiders have sold a total of 21,163 shares of company stock worth $273,407 over the last 90 days. Insiders own 0.27% of the company's stock.

Kinross Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.041 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.16 dividend on an annualized basis and a yield of 1.25%. This is a boost from Kinross Gold's previous quarterly dividend of $0.03. Kinross Gold's dividend payout ratio is presently 29.63%.

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.