Kinross Gold (TSE:K) Announces Earnings Results

Kinross Gold (TSE:K) (NYSE:KGC) issued its quarterly earnings data on Wednesday. The company reported C$0.71 earnings per share (EPS) for the quarter, FiscalAI reports. Kinross Gold had a net margin of 37.56% and a return on equity of 35.91%. The company had revenue of C$2.53 billion during the quarter.

Kinross Gold Price Performance

Shares of TSE K opened at C$32.18 on Thursday. The company has a current ratio of 2.89, a quick ratio of 1.11 and a debt-to-equity ratio of 7.65. The firm has a market cap of C$38.43 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of -0.60 and a beta of 1.75. The business’s 50 day moving average is C$37.59 and its 200-day moving average is C$40.14. Kinross Gold has a 1-year low of C$30.53 and a 1-year high of C$53.57.

Insider Buying and Selling

In other Kinross Gold news, insider Laurence Davies sold 1,335 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of C$38.48, for a total transaction of C$51,370.80. Following the transaction, the insider owned 11,855 shares in the company, valued at C$456,180.40. This trade represents a 10.12% decrease in their position. Also, insider William D. Dunford sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of C$40.77, for a total value of C$1,223,100.00. Following the completion of the transaction, the insider directly owned 27,374 shares of the company’s stock, valued at approximately C$1,116,037.98. This trade represents a 52.29% decrease in their position. Over the last three months, insiders have sold 33,338 shares of company stock valued at $1,351,546. 0.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

K has been the subject of a number of research reports. Desjardins decreased their price objective on Kinross Gold from C$58.00 to C$53.00 and set a “buy” rating for the company in a report on Thursday, September 24th. National Bank Financial dropped their target price on shares of Kinross Gold from C$45.00 to C$42.50 and set an “outperform” rating on the stock in a report on Tuesday, October 20th. ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$41.00 to C$45.00 in a report on Friday, July 31st. Jefferies Financial Group lowered their price target on Kinross Gold from C$41.00 to C$38.00 in a research report on Monday, July 6th. Finally, BMO Capital Markets dropped their price objective on Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$48.58.

About Kinross Gold

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).