Analysts Issue Forecasts for Kinross Gold Q4 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of Kinross Gold in a report released on Monday, February 10th. National Bank Financial analyst M. Parkin expects that the company will earn $0.36 per share for the quarter. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

A number of other research analysts also recently weighed in on the company. National Bankshares upped their price target on Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday. Stifel Nicolaus increased their price objective on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kinross Gold has a consensus rating of “Buy” and a consensus target price of C$17.10.

Kinross Gold Stock Down 6.8 %

K stock opened at C$16.21 on Wednesday. The stock’s 50 day simple moving average is C$14.89 and its 200 day simple moving average is C$13.70. Kinross Gold has a fifty-two week low of C$6.46 and a fifty-two week high of C$17.63. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The company has a market cap of C$14.09 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.74%. Kinross Gold’s dividend payout ratio (DPR) is 18.84%.

Insider Buying and Selling at Kinross Gold

In related news, Director George Nickolas Paspalas purchased 5,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of C$13.79 per share, with a total value of C$68,950.00. Also, Director Jonathan Paul Rollinson sold 1,300,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total value of C$18,200,000.00. Over the last ninety days, insiders sold 1,408,122 shares of company stock valued at $19,734,883. Company insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.