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

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Desjardins issued their Q1 2024 earnings per share (EPS) estimates for Kinross Gold in a research report issued to clients and investors 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.

A number of other research firms have also recently commented on K. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Eight Capital upped their price target on Kinross Gold from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Monday. Canaccord Genuity Group upped their price target on Kinross Gold from C$11.00 to C$12.50 in a report on Tuesday. Finally, Stifel Nicolaus upped their price target on Kinross Gold from C$9.00 to C$11.50 and gave the company a “buy” rating in a report on Friday, April 19th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$10.70.

Kinross Gold Trading Up 0.8 %

TSE K opened at C$9.04 on Thursday. Kinross Gold has a 12 month low of C$5.91 and a 12 month high of C$9.37. The stock has a market cap of C$11.12 billion, a P/E ratio of 19.65, a P/E/G ratio of -0.60 and a beta of 1.21. The stock’s fifty day moving average price is C$7.83 and its 200-day moving average price is C$7.63. The company has a current ratio of 2.63, a quick ratio of 1.11 and a debt-to-equity ratio of 36.54.

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

Kinross Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Tuesday, March 5th. Kinross Gold’s dividend payout ratio is 34.78%.

Insider Buying and Selling at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$7.64, for a total value of C$64,176.00. In other news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$7.64, for a total value of C$64,176.00. Also, Senior Officer Michiel Van Akkooi sold 62,479 shares of the stock in a transaction dated 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 sale, the insider now owns 3 shares of the company’s stock, valued at approximately C$20.10. Over the last 90 days, insiders have sold 143,621 shares of company stock valued at $893,873. 0.26% of the stock is owned by company 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.