FY2024 Earnings Forecast for Kinross Gold Issued By Cormark

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Cormark lifted their FY2024 earnings per share estimates for shares of Kinross Gold in a report released on Thursday, November 7th. Cormark analyst R. Gray now forecasts that the company will earn $1.01 per share for the year, up from their previous estimate of $0.82. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share.

Other equities research analysts have also recently issued research reports about the stock. Eight Capital increased their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. Canaccord Genuity Group dropped 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 research report on Friday, September 13th. Stifel Nicolaus increased their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Finally, National Bankshares increased 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 research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Kinross Gold has an average rating of "Buy" and a consensus price target of C$16.70.

Kinross Gold Stock Performance

TSE:K traded down C$1.46 during trading hours on Monday, hitting C$13.09. 4,544,117 shares of the company traded hands, compared to its average volume of 3,313,140. Kinross Gold has a twelve month low of C$6.46 and a twelve month high of C$14.95. The stock has a market capitalization of C$16.10 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The firm has a 50-day moving average of C$13.28 and a 200 day moving average of C$11.87.

Insider Buying and Selling

In other Kinross Gold news, Senior Officer Laurence Davies sold 12,000 shares of the firm's stock in a transaction that occurred 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. In other Kinross Gold news, Senior Officer Laurence Davies sold 12,000 shares of the firm's stock in a transaction that occurred 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. Also, Senior Officer David C. Shaver sold 4,663 shares of the firm's 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 transaction of C$61,411.71. Insiders have sold 21,163 shares of company stock valued at $273,407 in the last 90 days. 0.26% of the stock is owned by insiders.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be paid a dividend of $0.041 per share. This represents a $0.16 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 28th. Kinross Gold's payout ratio is 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.