Kinross Gold Co. (TSE:K – Free Report) (NYSE:KGC) – Investment analysts at Cormark upped their Q3 2024 EPS estimates for Kinross Gold in a research report issued to clients and investors on Wednesday, October 23rd. Cormark analyst R. Gray now forecasts that the company will earn $0.25 per share for the quarter, up from their previous forecast of $0.22. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.
Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last released its quarterly earnings results 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 company had revenue of C$1.67 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%.
Check Out Our Latest Analysis on K
Kinross Gold Stock Up 0.5 %
Shares of TSE K opened at C$14.90 on Friday. The firm’s 50 day moving average price is C$12.86 and its 200 day moving average price is C$11.42. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. The firm has a market cap of C$18.33 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$14.95.
Kinross Gold Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.041 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.10%. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s payout ratio is presently 29.63%.
Insider Activity at Kinross Gold
In related news, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. In other news, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction dated 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 Claude J.S. Schimper sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. Over the last quarter, insiders have sold 21,163 shares of company stock worth $273,407. Company insiders own 0.26% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Kinross Gold
- Most Volatile Stocks, What Investors Need to Know
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- What is the Australian Securities Exchange (ASX)
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.