Kinross Gold (K) to Release Earnings on Tuesday

Kinross Gold (TSE:K) (NYSE:KGC) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Kinross Gold to post earnings of C$0.07 per share for the quarter.

Kinross Gold (TSE:K) (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 the consensus estimate of C$0.12 by C$0.03. The business had revenue of C$1.52 billion for 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 Stock Performance

Shares of TSE:K opened at C$9.02 on Friday. The company’s 50 day simple moving average is C$8.15 and its 200 day simple moving average is C$7.74. The company has a debt-to-equity ratio of 36.54, a current ratio of 2.63 and a quick ratio of 1.11. 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 capitalization of C$11.09 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of -0.60 and a beta of 1.21.

Kinross Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 34.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Eight Capital increased their price target on Kinross Gold from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Canaccord Genuity Group increased their target price on Kinross Gold from C$11.00 to C$12.50 in a research report on Tuesday, April 23rd. Stifel Nicolaus lifted their price target on 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. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and an average target price of C$10.70.

Insider Activity at Kinross Gold

In other news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total transaction of C$144,508.16. In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 8,400 shares of Kinross Gold stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$7.64, for a total transaction of C$64,176.00. Also, Senior Officer Nathan M. Longenecker sold 29,312 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total value of C$144,508.16. Insiders sold 143,621 shares of company stock valued at $893,873 in the last three months. 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.