Kinross Gold FY2024 EPS Increased by National Bank Financial

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Stock analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Kinross Gold in a research note issued to investors on Wednesday, November 6th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of $1.14 for the year, up from their prior estimate of $1.08. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. National Bank Financial also issued estimates for Kinross Gold’s FY2025 earnings at $1.58 EPS.

Several other analysts have also issued reports on K. Stifel Nicolaus boosted their target price on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Eight Capital boosted their target price on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Canaccord Genuity Group reduced their price target on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Finally, National Bankshares lifted their price target on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$16.70.

Kinross Gold Stock Performance

Shares of K opened at C$14.83 on Friday. The firm has a market cap of C$18.24 billion, a PE ratio of 27.46, a PEG ratio of -0.60 and a beta of 1.24. The stock’s fifty day moving average price is C$13.23 and its two-hundred day moving average price is C$11.81. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$14.95.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be issued a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, November 28th. Kinross Gold’s payout ratio is currently 29.63%.

Insider Transactions at Kinross Gold

In other news, Senior Officer Laurence Davies sold 12,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$13.05, for a total value of C$156,600.00. In other news, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total value of C$61,411.71. Also, Senior Officer Laurence Davies sold 12,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$13.05, for a total value of C$156,600.00. In the last three months, insiders sold 21,163 shares of company stock worth $273,407. 0.26% of the stock is currently owned by corporate insiders.

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.