Kinross Gold (KGC) Scheduled to Post Earnings on Tuesday

Kinross Gold (NYSE:KGC) (TSE:K) will be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Thursday, February 15th. The mining company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm earned $0.09 earnings per share. Kinross Gold’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts expect Kinross Gold to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kinross Gold Stock Performance

Shares of NYSE:KGC opened at $6.84 on Tuesday. Kinross Gold has a 12-month low of $4.32 and a 12-month high of $6.87. The company’s 50 day moving average price is $5.86 and its two-hundred day moving average price is $5.67. The firm has a market cap of $8.39 billion, a PE ratio of 20.10, a PEG ratio of 2.09 and a beta of 1.15. The company has a quick ratio of 0.95, a current ratio of 2.63 and a debt-to-equity ratio of 0.36.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

KGC has been the subject of several analyst reports. TheStreet cut Kinross Gold from a “b” rating to a “c+” rating in a report on Friday, February 16th. National Bank Financial reiterated an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. CIBC raised their target price on shares of Kinross Gold from $7.00 to $8.15 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Jefferies Financial Group upped their price target on shares of Kinross Gold from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Finally, StockNews.com raised shares of Kinross Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.44.

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.