Stifel Canada Estimates Kinross Gold's Q3 Earnings (TSE:K)

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Research analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for shares of Kinross Gold in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings of $0.25 per share for the quarter. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share.

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

K has been the topic of a number of other research reports. Canaccord Genuity Group decreased their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a "buy" rating on the stock in a report on Friday, September 13th. National Bankshares raised their price target on Kinross Gold from C$19.00 to C$20.00 and gave the company an "outperform" rating in a report on Wednesday. Stifel Nicolaus boosted their price objective on Kinross Gold from C$14.50 to C$18.00 in a report on Monday. Finally, Eight Capital boosted their price target on shares of Kinross Gold from C$15.00 to C$16.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$16.70.

Kinross Gold Price Performance

K stock traded up C$0.02 during midday trading on Wednesday, reaching C$14.82. 1,816,712 shares of the company's stock traded hands, compared to its average volume of 3,317,322. 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 has a market cap of C$18.23 billion, a price-to-earnings ratio of 27.20, a PEG ratio of -0.60 and a beta of 1.24. The company has a 50-day simple moving average of C$12.73 and a two-hundred day simple moving average of C$11.33. Kinross Gold has a 1-year low of C$6.46 and a 1-year high of C$14.95.

Kinross Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were paid a $0.041 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $0.16 dividend on an annualized basis and a yield of 1.11%. This is a boost from Kinross Gold's previous quarterly dividend of $0.03. Kinross Gold's dividend payout ratio (DPR) is currently 29.63%.

Insider Activity

In other news, Senior Officer Laurence Davies sold 12,000 shares of the business's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$13.05, for a total value of C$156,600.00. In related news, Senior Officer David C. Shaver sold 4,663 shares of the business's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total value of C$61,411.71. Also, Senior Officer Laurence Davies sold 12,000 shares of the company's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$13.05, for a total transaction of C$156,600.00. Insiders sold a total of 21,163 shares of company stock valued at $273,407 over the last three months. Insiders own 0.26% of the company's stock.

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.