Kinross Gold Co. (TSE:K) to Post FY2024 Earnings of $0.80 Per Share, Stifel Canada Forecasts

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for Kinross Gold in a report issued on Wednesday, September 11th. Stifel Canada analyst I. Rico now expects that the company will post earnings per share of $0.80 for the year, down from their previous forecast of $0.81. The consensus estimate for Kinross Gold’s current full-year earnings is $0.99 per share. Stifel Canada also issued estimates for Kinross Gold’s FY2025 earnings at $0.92 EPS and FY2026 earnings at $0.68 EPS.

Several other research analysts have also recently commented on the company. Canaccord Genuity Group lowered their target price on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research note on Friday. Eight Capital lifted their price target on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, National Bankshares lifted their price target 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kinross Gold has a consensus rating of “Buy” and a consensus target price of C$14.60.

Kinross Gold Trading Up 0.6 %

K opened at C$13.36 on Friday. Kinross Gold has a 12 month low of C$5.91 and a 12 month high of C$13.70. The stock has a market capitalization of C$16.43 billion, a price-to-earnings ratio of 24.74, a PEG ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The business has a fifty day moving average price of C$12.13 and a 200 day moving average price of C$10.29.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. The business had revenue of C$1.67 billion during the quarter, compared to analysts’ expectations of C$1.39 billion.

Insider Activity

In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business’s stock in a transaction dated 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 William D. Dunford sold 6,076 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total value of C$65,377.76. Company insiders own 0.27% of the company’s stock.

Kinross Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were issued a $0.041 dividend. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Thursday, August 22nd. Kinross Gold’s payout ratio is presently 29.63%.

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.