Kinross Gold Co. (TSE:K) to Post FY2027 Earnings of $0.41 Per Share, Stifel Canada Forecasts

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Stifel Canada issued their FY2027 earnings per share estimates for shares of Kinross Gold in a research report issued on Wednesday, September 11th. Stifel Canada analyst I. Rico forecasts that the company will earn $0.41 per share for the year.

K has been the subject of several other reports. National Bankshares lifted their target price on Kinross Gold from C$13.75 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Eight Capital lifted their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Canaccord Genuity Group boosted their price objective on Kinross Gold from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$13.50.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at C$12.41 on Thursday. The firm has a 50 day simple moving average of C$12.09 and a 200 day simple moving average of C$10.26. Kinross Gold has a fifty-two week low of C$5.91 and a fifty-two week high of C$13.08. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The firm has a market cap of C$15.26 billion, a P/E ratio of 22.98, a P/E/G ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. The firm had revenue of C$1.67 billion during the quarter, compared to analysts’ expectations of C$1.39 billion.

Insider Transactions at Kinross Gold

In other news, Senior Officer William D. Dunford sold 6,076 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total value of C$65,377.76. In other news, Senior Officer William D. Dunford sold 6,076 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$10.76, for a total value of C$65,377.76. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. 0.27% of the stock is currently owned by insiders.

Kinross Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were issued a $0.041 dividend. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, August 22nd. Kinross Gold’s dividend payout ratio is 29.63%.

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.