Kinross Gold FY2024 EPS Forecast Increased by Stifel Canada

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at Stifel Canada raised their FY2024 EPS estimates for shares of Kinross Gold in a note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the company will post earnings per share of $1.04 for the year, up from their prior forecast of $1.03. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Stifel Canada also issued estimates for Kinross Gold’s Q4 2024 earnings at $0.29 EPS, FY2025 earnings at $1.15 EPS and FY2026 earnings at $1.16 EPS.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Tuesday, November 5th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.08. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. During the same quarter last year, the company posted $0.16 earnings per share.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. 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, October 23rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Trading Up 3.5 %

Shares of TSE:K opened at C$17.01 on Thursday. The firm has a fifty day moving average of C$14.50 and a two-hundred day moving average of C$13.50. The firm has a market capitalization of C$20.92 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold has a 12-month low of C$6.46 and a 12-month high of C$17.17. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89.

Insiders Place Their Bets

In other news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total transaction of C$99,067.02. Also, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$14.22, for a total transaction of C$1,421,710.00. Insiders sold a total of 1,608,122 shares of company stock valued at $22,536,883 in the last quarter. Insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.