National Bank Financial Forecasts Kinross Gold Q3 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Kinross Gold in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin forecasts that the company will post earnings per share of $0.28 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 issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. The firm had revenue of C$1.67 billion during the quarter, compared to the consensus estimate of C$1.39 billion.

Other equities analysts also recently issued research reports about the company. 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. National Bankshares lifted their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday. Eight Capital lifted their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, Stifel Nicolaus boosted their target price on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Trading Up 0.5 %

Shares of K opened at C$14.90 on Thursday. The stock has a fifty day moving average price of C$12.86 and a two-hundred day moving average price of C$11.42. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. Kinross Gold has a 52-week low of C$6.46 and a 52-week high of C$14.95. 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.

Insider Buying and Selling

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

Kinross Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were given a dividend of $0.041 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.16 dividend on an annualized basis and a yield of 1.10%. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s dividend payout ratio is currently 29.63%.

About Kinross Gold

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.