Equities Analysts Issue Forecasts for Kinross Gold Co.'s Q1 2024 Earnings (TSE:K)

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Stock analysts at Desjardins issued their Q1 2024 earnings estimates for shares of Kinross Gold in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick expects that the company will post earnings per share of $0.08 for the quarter. The consensus estimate for Kinross Gold's current full-year earnings is $0.46 per share.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last posted its quarterly earnings results on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.12 by C$0.03. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. The company had revenue of C$1.52 billion for the quarter, compared to the consensus estimate of C$1.24 billion.

Other analysts also recently issued reports about the stock. Canaccord Genuity Group lifted their price objective on shares of Kinross Gold from C$11.00 to C$12.50 in a research report on Tuesday. Eight Capital boosted their price target on shares of Kinross Gold from C$10.00 to C$11.00 and gave the stock a "buy" rating in a research report on Monday. National Bank Financial restated an "outperform overweight" rating on shares of Kinross Gold in a research report on Monday, April 8th. Finally, Stifel Nicolaus boosted their price target on shares of Kinross Gold from C$9.00 to C$11.50 and gave the stock a "buy" rating in a research report on Friday, April 19th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$10.70.

Kinross Gold Stock Performance

Shares of Kinross Gold stock traded up C$0.16 during trading hours on Thursday, reaching C$9.20. The company's stock had a trading volume of 3,953,220 shares, compared to its average volume of 3,363,200. The company's 50 day simple moving average is C$7.87 and its 200 day simple moving average is C$7.64. The company has a debt-to-equity ratio of 36.54, a quick ratio of 1.11 and a current ratio of 2.63. Kinross Gold has a one year low of C$5.91 and a one year high of C$9.37. The stock has a market cap of C$11.32 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of -0.60 and a beta of 1.21.

Kinross Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Tuesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is currently 34.78%.

Insider Activity at Kinross Gold

In related news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the transaction, the insider now directly owns 3 shares of the company's stock, valued at C$20.10. In other Kinross Gold news, Senior Officer Michiel Van Akkooi sold 62,479 shares of Kinross Gold stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total value of C$418,609.30. Following the completion of the sale, the insider now directly owns 3 shares in the company, valued at C$20.10. Also, Senior Officer Claude J.S. Schimper sold 8,400 shares of Kinross Gold stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$7.64, for a total transaction of C$64,176.00. Over the last three months, insiders have sold 143,621 shares of company stock valued at $893,873. Corporate insiders own 0.26% of the company's stock.

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.