Stifel Canada Forecasts Kinross Gold FY2028 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities research analysts at Stifel Canada issued their FY2028 earnings estimates for Kinross Gold in a report released on Wednesday, March 19th. Stifel Canada analyst R. Profiti expects that the company will post earnings per share of $0.27 for the year. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Separately, National Bankshares lifted their price target on shares of Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$17.10.

Kinross Gold Price Performance

TSE K opened at C$17.64 on Thursday. The firm’s fifty day simple moving average is C$16.04 and its two-hundred day simple moving average is C$14.40. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. Kinross Gold has a 12-month low of C$7.65 and a 12-month high of C$17.76. The firm has a market capitalization of C$15.34 billion, a P/E ratio of 20.77, a P/E/G ratio of -0.60 and a beta of 1.24.

Kinross Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.68%. Kinross Gold’s payout ratio is currently 18.84%.

Insider Transactions at Kinross Gold

In other news, Director Jonathan Paul Rollinson sold 205,318 shares of Kinross Gold stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$15.22, for a total transaction of C$3,124,939.96. Also, Director George Vincent Albino acquired 5,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of C$16.07 per share, with a total value of C$80,369.87. Over the last ninety days, insiders sold 344,670 shares of company stock worth $5,276,336. Company 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.