Kinross Gold FY2024 EPS Estimate Increased by Raymond James

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Stock analysts at Raymond James raised their FY2024 earnings per share (EPS) estimates for shares of Kinross Gold in a note issued to investors on Monday, February 3rd. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $1.04 for the year, up from their prior forecast of $0.93. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Raymond James also issued estimates for Kinross Gold’s Q4 2024 earnings at $0.35 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.22 EPS and Q4 2025 earnings at $0.20 EPS.

Other equities analysts have also issued reports about the company. Stifel Nicolaus upped their target price on Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares increased their target price on 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kinross Gold has a consensus rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Trading Up 3.5 %

TSE K opened at C$17.01 on Wednesday. The firm has a market capitalization of C$20.92 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold has a one year low of C$6.46 and a one year high of C$17.17. The company has a 50-day simple moving average of C$14.50 and a 200-day simple moving average of C$13.50. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27.

Kinross Gold (TSE:K) (NYSE:KGC) last released its earnings results on Tuesday, November 5th. The company reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.25 by C$0.08. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. During the same quarter last year, the business earned $0.16 earnings per share.

Insider Activity

In other Kinross Gold news, Director George Nickolas Paspalas bought 5,000 shares of Kinross Gold stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of C$13.79 per share, for a total transaction of C$68,950.00. Also, Director Jonathan Paul Rollinson sold 200,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$14.01, for a total value of C$2,802,000.00. Over the last ninety days, insiders have sold 1,608,122 shares of company stock valued at $22,536,883. Company insiders own 0.26% of the company’s stock.

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.