Zacks Research Weighs in on Kinross Gold FY2027 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Stock analysts at Zacks Research issued their FY2027 earnings estimates for shares of Kinross Gold in a note issued to investors on Tuesday, March 4th. Zacks Research analyst A. Barman anticipates that the company will post earnings per share of $0.93 for the year. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Separately, National Bankshares upped their target price on Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$17.10.

Kinross Gold Stock Performance

Shares of K stock opened at C$16.06 on Friday. The stock’s 50-day moving average is C$15.53 and its two-hundred day moving average is C$14.10. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. Kinross Gold has a 1 year low of C$7.17 and a 1 year high of C$17.63. The firm has a market cap of C$13.96 billion, a price-to-earnings ratio of 18.91, a PEG ratio of -0.60 and a beta of 1.24.

Insider Buying and Selling

In other news, Director Jonathan Paul Rollinson sold 205,318 shares of Kinross Gold stock in a transaction dated Friday, February 28th. The shares were sold at an average price of C$15.22, for a total value of C$3,124,939.96. Also, Senior Officer Claude J.S. Schimper sold 10,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$15.63, for a total transaction of C$156,300.00. Insiders have sold a total of 414,670 shares of company stock valued at $6,215,090 over the last quarter. 0.26% of the stock is currently owned by insiders.

Kinross Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.75%. Kinross Gold’s dividend payout ratio (DPR) is 18.84%.

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.