Kinross Gold (K) Scheduled to Post Quarterly Earnings on Tuesday

Kinross Gold (TSE:K) (NYSE:KGC) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of C$0.22 per share for the quarter.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. The firm had revenue of C$1.67 billion for the quarter, compared to the consensus estimate of C$1.39 billion. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%.

Kinross Gold Trading Down 0.5 %

Shares of TSE:K opened at C$14.54 on Tuesday. The company has a market cap of C$17.88 billion, a P/E ratio of 26.93, a PEG ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$14.95. The stock’s fifty day moving average price is C$12.95 and its 200-day moving average price is C$11.51.

Kinross Gold Increases 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 $0.041 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, August 22nd. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s dividend payout ratio is 29.63%.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’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 related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. Also, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction dated 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 sold a total of 21,163 shares of company stock worth $273,407 over the last quarter. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on K shares. Stifel Nicolaus upped their price objective on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Canaccord Genuity Group reduced 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. Eight Capital upped their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, National Bankshares upped their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$16.70.

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.