FY2024 EPS Estimates for Kinross Gold Co. Lifted by Raymond James (TSE:K)

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Raymond James lifted their FY2024 earnings per share estimates for Kinross Gold in a research report issued on Tuesday, September 10th. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.68 for the year, up from their prior estimate of $0.67.

Several other analysts also recently issued reports on the company. National Bankshares boosted their price objective on Kinross Gold from C$13.75 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Canaccord Genuity Group cut their price objective on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Friday. Finally, Eight Capital boosted their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinross Gold presently has an average rating of “Buy” and a consensus price target of C$14.60.

Kinross Gold Price Performance

TSE K opened at C$13.36 on Friday. The stock’s 50-day moving average price is C$12.13 and its two-hundred day moving average price is C$10.29. 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 company has a market cap of C$16.43 billion, a PE ratio of 24.74, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a 1 year low of C$5.91 and a 1 year high of C$13.70.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, topping 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 analysts’ expectations of C$1.39 billion.

Insider Activity at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’s 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 transaction of C$55,395.00. In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’s 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 transaction of C$55,395.00. Also, Senior Officer William D. Dunford sold 6,076 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$10.76, for a total value of C$65,377.76. 0.27% of the stock is currently owned by company insiders.

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 $0.041 dividend. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.16 annualized dividend and a dividend yield of 1.23%. Kinross Gold’s payout ratio is presently 29.63%.

About Kinross Gold

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.