Kinross Gold Co. (NYSE:KGC – Free Report) (TSE:K) – Equities researchers at National Bank Financial lifted their FY2024 EPS estimates for Kinross Gold in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the mining company will post earnings per share of $0.78 for the year, up from their previous forecast of $0.65. The consensus estimate for Kinross Gold’s current full-year earnings is $0.63 per share. National Bank Financial also issued estimates for Kinross Gold’s FY2025 earnings at $1.14 EPS.
Kinross Gold (NYSE:KGC – Get Free Report) (TSE:K) last issued its quarterly earnings results on Wednesday, July 31st. The mining company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 9.32%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company posted $0.14 EPS. Kinross Gold’s quarterly revenue was up 11.6% compared to the same quarter last year.
Kinross Gold Price Performance
Shares of Kinross Gold stock opened at $10.53 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.27 and a quick ratio of 0.52. The business has a 50 day simple moving average of $9.51 and a two-hundred day simple moving average of $8.44. The stock has a market capitalization of $12.94 billion, a P/E ratio of 25.68, a PEG ratio of 0.58 and a beta of 1.24. Kinross Gold has a 12 month low of $4.75 and a 12 month high of $10.82.
Hedge Funds Weigh In On Kinross Gold
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Kinross Gold by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company’s stock valued at $278,486,000 after purchasing an additional 497,531 shares during the last quarter. Quantbot Technologies LP acquired a new position in Kinross Gold in the first quarter valued at about $1,095,000. Gabelli Funds LLC lifted its position in Kinross Gold by 3.9% in the second quarter. Gabelli Funds LLC now owns 5,194,500 shares of the mining company’s stock valued at $43,218,000 after buying an additional 194,700 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Kinross Gold during the first quarter worth about $3,199,000. Finally, Artemis Investment Management LLP acquired a new stake in shares of Kinross Gold during the first quarter valued at about $9,732,000. 63.69% of the stock is owned by hedge funds and other institutional investors.
Kinross Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.14%. The ex-dividend date was Thursday, August 22nd. Kinross Gold’s payout ratio is currently 29.27%.
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.
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