Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Raymond James lifted their Q2 2024 earnings estimates for Kinross Gold in a report issued on Tuesday, April 23rd. Raymond James analyst F. Hamed now anticipates that the company will post earnings per share of $0.16 for the quarter, up from their prior forecast of $0.06. The consensus estimate for Kinross Gold's current full-year earnings is $0.46 per share. Raymond James also issued estimates for Kinross Gold's Q3 2024 earnings at $0.16 EPS, Q4 2024 earnings at $0.19 EPS and FY2024 earnings at $0.60 EPS.
Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group lifted their target price on shares of Kinross Gold from C$11.00 to C$12.50 in a research note on Tuesday. Stifel Nicolaus lifted their price objective on shares of Kinross Gold from C$9.00 to C$11.50 and gave the company a "buy" rating in a research note on Friday, April 19th. National Bank Financial restated an "outperform overweight" rating on shares of Kinross Gold in a research report on Monday, April 8th. Finally, Eight Capital lifted their price target on Kinross Gold from C$10.00 to C$11.00 and gave the company a "buy" rating in a research report on Monday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$10.70.
Get Our Latest Stock Report on Kinross Gold
Kinross Gold Stock Performance
Kinross Gold stock traded up C$0.01 during trading on Friday, hitting C$9.21. The stock had a trading volume of 4,013,498 shares, compared to its average volume of 3,371,131. The stock's 50 day moving average is C$7.92 and its two-hundred day moving average is C$7.66. Kinross Gold has a 1 year low of C$5.91 and a 1 year high of C$9.39. The stock has a market cap of C$11.33 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of -0.60 and a beta of 1.21. The company has a quick ratio of 1.11, a current ratio of 2.63 and a debt-to-equity ratio of 36.54.
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 for the quarter, beating the consensus estimate of C$0.12 by C$0.03. The company had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.24 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%.
Kinross Gold Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 1.74%. Kinross Gold's dividend payout ratio (DPR) is presently 34.78%.
Insider Activity at Kinross Gold
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 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 news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total value of C$144,508.16. Also, Senior Officer Michiel Van Akkooi sold 62,479 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$6.70, for a total value of C$418,609.30. Following the transaction, the insider now owns 3 shares in the company, valued at C$20.10. In 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
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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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