FY2024 EPS Estimates for Kinross Gold Raised by Analyst

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Analysts at National Bank Financial raised their FY2024 earnings estimates for Kinross Gold in a report released on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now anticipates that the company will earn $1.08 per share for the year, up from their prior forecast of $0.88. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share. National Bank Financial also issued estimates for Kinross Gold's FY2025 earnings at $1.57 EPS.

Several other equities analysts also recently issued reports on the stock. 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. Eight Capital lifted their price objective 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 increased their target price on Kinross Gold from C$19.00 to C$20.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Stifel Nicolaus lifted their price target on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$16.70.

Kinross Gold Price Performance

Shares of Kinross Gold stock traded down C$0.28 on Friday, hitting C$14.62. The company's stock had a trading volume of 3,001,216 shares, compared to its average volume of 3,317,403. The company has a market capitalization of C$17.98 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The firm has a fifty day moving average price of C$12.90 and a 200-day moving average price of C$11.47. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$14.95.

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 the consensus estimate 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 analysts' expectations of C$1.39 billion.

Insider Activity at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In other news, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction that occurred on 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 Claude J.S. Schimper sold 4,500 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. Insiders have sold a total of 21,163 shares of company stock valued at $273,407 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

Kinross Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were paid a dividend of $0.041 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Kinross Gold's previous quarterly dividend of $0.03. The ex-dividend date was Thursday, August 22nd. 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.