Kinross Gold FY2027 EPS Forecast Boosted by Stifel Canada

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Analysts at Stifel Canada boosted their FY2027 earnings estimates for shares of Kinross Gold in a research report issued on Monday, July 21st. Stifel Canada analyst R. Profiti now anticipates that the company will post earnings per share of $1.95 for the year, up from their prior estimate of $1.86. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share.

A number of other analysts have also weighed in on K. Stifel Nicolaus upped their target price on shares of Kinross Gold from C$23.50 to C$24.50 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. BMO Capital Markets upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, April 16th. National Bankshares increased their price target on shares of Kinross Gold from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Finally, Raymond James Financial upgraded shares of Kinross Gold to a "hold" rating in a research note on Monday, June 30th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$20.75.

Kinross Gold Trading Up 2.2%

K traded up C$0.47 on Wednesday, hitting C$22.08. The company had a trading volume of 3,404,534 shares, compared to its average volume of 3,544,651. The firm has a market cap of C$19.20 billion, a P/E ratio of 25.99, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a 1 year low of C$11.11 and a 1 year high of C$22.48. The company's fifty day moving average price is C$21.03 and its 200 day moving average price is C$18.69. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81.

Insider Transactions at Kinross Gold

In other Kinross Gold news, Senior Officer Laurence Davies sold 10,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of C$20.13, for a total value of C$201,300.00. Also, Senior Officer Claude J.S. Schimper sold 1,339 shares of Kinross Gold 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 transaction of C$27,302.21. Over the last 90 days, insiders sold 42,833 shares of company stock worth $901,122. 0.26% of the stock is currently owned by corporate insiders.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.54%. Kinross Gold's dividend payout ratio (DPR) is presently 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.