Stifel Canada Predicts Kinross Gold Q3 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Stifel Canada issued their Q3 2024 earnings estimates for shares of Kinross Gold in a research report issued on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the company will post earnings per share of $0.25 for the quarter. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 earnings per share (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 company had revenue of C$1.67 billion for the quarter, compared to the consensus estimate of C$1.39 billion.

A number of other analysts have also recently weighed in on K. Canaccord Genuity Group lowered their target price on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. National Bankshares upped 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 research note on Wednesday. Stifel Nicolaus upped their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday. Finally, Eight Capital upped their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Stock Performance

TSE:K opened at C$14.90 on Wednesday. The firm’s 50-day moving average is C$12.86 and its 200-day moving average is C$11.42. Kinross Gold has a 52-week low of C$6.46 and a 52-week high of C$14.95. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. The company has a market cap of C$18.33 billion, a price-to-earnings ratio of 27.59, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a $0.041 dividend. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, August 22nd. Kinross Gold’s dividend payout ratio is currently 29.63%.

Insider Activity at Kinross Gold

In related news, Senior Officer Laurence Davies sold 12,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$13.05, for a total value of C$156,600.00. In other Kinross Gold news, Senior Officer Laurence Davies sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$13.05, for a total value of C$156,600.00. Also, Senior Officer David C. Shaver sold 4,663 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. Insiders have sold 21,163 shares of company stock worth $273,407 over the last ninety days. Company insiders own 0.26% of the company’s stock.

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.