FY2024 EPS Estimates for Kinross Gold Reduced by Analyst

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Analysts at National Bank Financial lowered their FY2024 EPS estimates for Kinross Gold in a note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of $1.06 for the year, down from their prior estimate of $1.14. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. National Bank Financial also issued estimates for Kinross Gold’s FY2025 earnings at $1.54 EPS.

A number of other equities research analysts have also issued reports on the stock. National Bankshares upped their target price on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday. Stifel Nicolaus upped their price objective on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$17.10.

Kinross Gold Trading Up 0.9 %

TSE K opened at C$17.39 on Thursday. The company has a market capitalization of C$21.39 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth 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. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$17.63. The company’s fifty day moving average price is C$14.84 and its two-hundred day moving average price is C$13.67.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.69%. Kinross Gold’s dividend payout ratio (DPR) is presently 29.63%.

Insider Activity at Kinross Gold

In related news, Director George Nickolas Paspalas bought 5,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of C$13.79 per share, with a total value of C$68,950.00. Also, Director Jonathan Paul Rollinson sold 1,300,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$14.00, for a total transaction of C$18,200,000.00. Insiders sold a total of 1,408,122 shares of company stock valued at $19,734,883 in the last quarter. 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.