Analysts Set Expectations for Kinross Gold FY2024 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Stifel Canada lifted their FY2024 earnings per share estimates for shares of Kinross Gold in a research note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the company will earn $1.04 per share for the year, up from their prior estimate of $1.03. 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 Q4 2024 earnings at $0.29 EPS, FY2025 earnings at $1.15 EPS and FY2026 earnings at $1.16 EPS.

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

K has been the topic of several other research reports. National Bankshares boosted their target price on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus boosted their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$16.70.

Kinross Gold Price Performance

Kinross Gold stock opened at C$17.05 on Thursday. The firm has a market cap of C$20.97 billion, a P/E ratio of 31.57, a P/E/G 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 debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The stock’s 50 day moving average is C$14.57 and its 200 day moving average is C$13.54.

Insider Buying and Selling at Kinross Gold

In other news, Director George Nickolas Paspalas acquired 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were acquired 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 1,300,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total transaction of C$18,200,000.00. In the last 90 days, insiders sold 1,608,122 shares of company stock worth $22,536,883. Insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

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.