Brokers Issue Forecasts for Kinross Gold FY2024 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at National Bank Financial boosted their FY2024 earnings estimates for Kinross Gold in a research note issued on Wednesday, November 6th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $1.14 for the year, up from their prior estimate of $1.08. 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 $1.58 EPS.

K has been the topic of several other research reports. Eight Capital upped their target price on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. National Bankshares lifted their target price on shares of Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus increased their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Finally, Canaccord Genuity Group cut their price objective on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$16.70.

Kinross Gold Price Performance

Shares of TSE:K opened at C$14.55 on Friday. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$14.95. The firm has a market capitalization of C$17.90 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The business’s 50 day simple moving average is C$13.28 and its 200-day simple moving average is C$11.87. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11.

Insider Buying and Selling

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm’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 other Kinross Gold news, Senior Officer David C. Shaver sold 4,663 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total transaction of C$61,411.71. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of Kinross Gold stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total value of C$55,395.00. Over the last 90 days, insiders have sold 21,163 shares of company stock worth $273,407. 0.26% of the stock is owned by insiders.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be paid a dividend of $0.041 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, November 28th. Kinross Gold’s payout ratio is 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.