Kinross Gold Co. to Post Q1 2024 Earnings of $0.08 Per Share, Desjardins Forecasts (TSE:K)

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Analysts at Desjardins issued their Q1 2024 EPS estimates for shares of Kinross Gold in a research note issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick expects that the company will earn $0.08 per share for the quarter. The consensus estimate for Kinross Gold’s current full-year earnings is $0.46 per share.

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

Other equities research analysts have also recently issued research reports about the stock. Eight Capital lifted 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 reiterated an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. Canaccord Genuity Group lifted their price target on shares of Kinross Gold from C$11.00 to C$12.50 in a research report on Tuesday. Finally, Stifel Nicolaus lifted 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 research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kinross Gold has an average rating of “Buy” and an average target price of C$10.70.

Kinross Gold Trading Up 1.8 %

K opened at C$9.20 on Thursday. The company has a current ratio of 2.63, a quick ratio of 1.11 and a debt-to-equity ratio of 36.54. The stock has a market capitalization of C$11.32 billion, a PE ratio of 20.00, a PEG ratio of -0.60 and a beta of 1.21. Kinross Gold has a 1-year low of C$5.91 and a 1-year high of C$9.37. The firm has a 50-day moving average price of C$7.87 and a two-hundred day moving average price of C$7.64.

Kinross Gold Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Tuesday, March 5th. Kinross Gold’s dividend payout ratio is presently 34.78%.

Insider Transactions at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the company’s stock in a transaction 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. In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the company’s stock in a transaction 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. Also, Senior Officer Kathleen M. Grandy sold 18,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$7.27, for a total transaction of C$130,860.00. Insiders have sold a total of 143,621 shares of company stock valued at $893,873 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

Kinross Gold Company Profile

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.