Zacks Research Forecasts Stronger Earnings for Kinross Gold

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Equities researchers at Zacks Research raised their FY2025 earnings estimates for Kinross Gold in a research note issued on Monday, May 26th. Zacks Research analyst A. Barman now expects that the company will post earnings per share of $1.13 for the year, up from their prior forecast of $0.92. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share.

A number of other equities analysts have also recently commented on K. BMO Capital Markets raised Kinross Gold to a "strong-buy" rating in a report on Wednesday, April 16th. National Bankshares raised their target price on shares of Kinross Gold from C$22.00 to C$23.00 and gave the company an "outperform" rating in a research report on Wednesday, April 2nd. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Stifel Nicolaus increased their price target on Kinross Gold from C$23.50 to C$24.50 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Four analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$20.00.

Kinross Gold Stock Performance

Shares of Kinross Gold stock traded up C$1.29 during trading on Thursday, reaching C$21.55. The company's stock had a trading volume of 1,976,441 shares, compared to its average volume of 3,609,218. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. The firm has a market cap of C$18.74 billion, a PE ratio of 25.37, a P/E/G ratio of -0.60 and a beta of 1.24. Kinross Gold has a 52 week low of C$9.91 and a 52 week high of C$22.01. The business's 50-day moving average price is C$19.48 and its 200-day moving average price is C$16.63.

Insider Transactions at Kinross Gold

In related news, Senior Officer Laurence Davies sold 10,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of C$20.13, for a total transaction of C$201,300.00. Also, Senior Officer Claude J.S. Schimper sold 1,339 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of C$20.39, for a total value of C$27,302.21. Over the last quarter, insiders have sold 46,339 shares of company stock valued at $801,408. 0.26% of the stock is currently owned by company insiders.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.56%. Kinross Gold's dividend payout ratio is currently 18.84%.

Kinross Gold Company Profile

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.