Kinross Gold (K) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kinross Gold in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" K shares.
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4 equities research analysts have issued 12-month target prices for Kinross Gold's shares. Their K share price forecasts range from C$4.00 to C$9.75. On average, they anticipate the company's share price to reach C$7.38 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price.
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Kinross Gold's stock was trading at C$5.52 at the beginning of 2023. Since then, K stock has increased by 19.4% and is now trading at C$6.59.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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Kinross Gold Co. (TSE:K) issued its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.12 billion. Kinross Gold had a net margin of 5.06% and a trailing twelve-month return on equity of 3.22%.

Kinross Gold announced a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Thursday, August 24th will be paid a dividend of 0.03 per share on Friday, September 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Wednesday, August 23rd.
Read our dividend analysis for K.

Kinross Gold (TSE:K) pays an annual dividend of C$0.16 per share and currently has a dividend yield of 2.33%. The dividend payout ratio is 72.73%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for K.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kinross Gold investors own include B2Gold (BTO), Enbridge (ENB), Bombardier, Inc. Class B (BBD.B), Kinross Gold (KGC), Suncor Energy (SU), Kirkland Lake Gold (KL), Barrick Gold (ABX), Canadian Natural Resources (CNQ), Toronto-Dominion Bank (TD) and Yamana Gold (YRI).

Kinross Gold trades on the Toronto Stock Exchange (TSX) under the ticker symbol "K."

Shares of K stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of K stock can currently be purchased for approximately C$6.59.

Kinross Gold (TSE:K) has a market capitalization of C$8.11 billion and generates C$3.95 billion in revenue each year. The company earns C$200.90 million in net income (profit) each year or C$0.22 on an earnings per share basis.

The company employs 2,021 workers across the globe.

Kinross Gold's mailing address is 25 York St 17th Floor, TORONTO, ON M5J 2V5, Canada. The official website for the company is www.kinross.com. The company can be reached via phone at +1-416-3655123.