Zacks Research Forecasts Kinross Gold FY2027 Earnings

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Zacks Research issued their FY2027 earnings per share estimates for shares of Kinross Gold in a report released on Tuesday, March 4th. Zacks Research analyst A. Barman forecasts that the company will earn $0.93 per share for the year. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share.

Separately, National Bankshares upped their price target on Kinross Gold from C$20.00 to C$22.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$17.10.

Kinross Gold Stock Performance

TSE:K traded up C$0.12 during mid-day trading on Friday, hitting C$16.06. 4,604,037 shares of the company's stock traded hands, compared to its average volume of 3,499,662. The firm has a 50 day moving average of C$15.58 and a two-hundred day moving average of C$14.14. Kinross Gold has a 12 month low of C$7.17 and a 12 month high of C$17.63. The firm has a market capitalization of C$13.96 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81.

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Insider Activity at Kinross Gold

In other news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$14.22, for a total value of C$1,421,710.00. Also, Director Jonathan Paul Rollinson sold 205,318 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$15.22, for a total value of C$3,124,939.96. Insiders sold 414,670 shares of company stock valued at $6,215,090 in the last three months. Corporate insiders own 0.26% of the company's stock.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.75%. Kinross Gold's dividend payout ratio is 18.84%.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.