Kinross Gold FY2024 EPS Estimate Increased by Stifel Canada

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities research analysts at Stifel Canada increased their FY2024 earnings per share (EPS) estimates for Kinross Gold in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the company will earn $0.97 per share for the year, up from their prior forecast of $0.80. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Stifel Canada also issued estimates for Kinross Gold’s FY2025 earnings at $1.44 EPS and FY2026 earnings at $1.20 EPS.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 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 for the quarter, compared to analyst estimates of C$1.39 billion.

Several other equities analysts also recently weighed in on K. Eight Capital lifted their target price on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Stifel Nicolaus raised their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Canaccord Genuity Group reduced their price objective on 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. Finally, National Bankshares boosted their target price on Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kinross Gold presently has an average rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Stock Down 1.9 %

Shares of K opened at C$14.62 on Thursday. The company’s 50-day moving average price is C$12.90 and its 200 day moving average price is C$11.47. Kinross Gold has a 12-month low of C$6.46 and a 12-month high of C$14.95. 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 market cap of C$17.98 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Increases Dividend

The company also recently declared 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 yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 22nd. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s dividend payout ratio (DPR) is currently 29.63%.

Insiders Place Their Bets

In related news, Senior Officer David C. Shaver sold 4,663 shares of the company’s 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 Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of Kinross Gold 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. Also, Senior Officer David C. Shaver sold 4,663 shares of the business’s 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 value of C$61,411.71. Insiders have sold a total of 21,163 shares of company stock valued at $273,407 over the last quarter. Company insiders own 0.26% of the company’s stock.

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.