National Bank Financial Estimates Kinross Gold Q3 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at National Bank Financial issued their Q3 2024 EPS estimates for shares of Kinross Gold in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the company will post earnings per share of $0.28 for the quarter. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

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

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group dropped their price objective on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Stifel Nicolaus increased their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday. National Bankshares lifted their price objective on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Eight Capital increased their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Stock Performance

Shares of K stock opened at C$14.82 on Thursday. Kinross Gold has a fifty-two week low of C$6.46 and a fifty-two week high of C$14.95. The stock’s 50-day moving average is C$12.79 and its two-hundred day moving average is C$11.38. 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$18.23 billion, a P/E ratio of 27.44, a PEG ratio of -0.60 and a beta of 1.24.

Insider Transactions at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total value of C$55,395.00. In other Kinross Gold news, Senior Officer David C. Shaver sold 4,663 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. Insiders sold a total of 21,163 shares of company stock worth $273,407 over the last three months. 0.26% 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 given 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 yield of 1.11%. The ex-dividend date was Thursday, August 22nd. Kinross Gold’s payout ratio is currently 29.63%.

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.