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

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC will post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Kinross Gold to post earnings of C$0.22 per share for the quarter.

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

Kinross Gold Trading Up 2.4 %

Kinross Gold stock traded up C$0.35 during mid-day trading on Tuesday, reaching C$14.89. 3,040,746 shares of the company traded hands, compared to its average volume of 3,309,597. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. Kinross Gold has a 52-week low of C$6.46 and a 52-week high of C$14.95. The firm has a market capitalization of C$18.31 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of -0.60 and a beta of 1.24. The firm's 50 day moving average price is C$13.00 and its 200 day moving average price is C$11.55.

Kinross Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were paid a dividend of $0.041 per share. This is a positive change from Kinross Gold's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.10%. Kinross Gold's payout ratio is presently 29.63%.

Insiders Place Their Bets

In other news, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. In other news, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. Also, Senior Officer Laurence Davies sold 12,000 shares of the firm'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. Over the last ninety days, insiders have sold 21,163 shares of company stock worth $273,407. Company insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on K. Stifel Nicolaus boosted their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Canaccord Genuity Group dropped 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 research note on Friday, September 13th. Eight Capital boosted their price objective 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. Finally, National Bankshares lifted their target price on shares of Kinross Gold from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$16.70.

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.