Kinross Gold Co. (TSE:K) to Post Q2 2024 Earnings of $0.21 Per Share, Desjardins Forecasts

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Desjardins issued their Q2 2024 EPS estimates for Kinross Gold in a report released on Sunday, July 21st. Desjardins analyst J. Sclodnick anticipates that the company will post earnings per share of $0.21 for the quarter. The consensus estimate for Kinross Gold’s current full-year earnings is $0.72 per share.

K has been the topic of a number of other reports. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. Eight Capital lifted their price target on shares of Kinross Gold from C$11.00 to C$15.00 in a research report on Thursday, July 11th. Canaccord Genuity Group lifted their price target on shares of Kinross Gold from C$13.50 to C$16.00 in a research report on Tuesday. National Bankshares lifted their price target on shares of Kinross Gold from C$13.75 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Finally, Cormark raised shares of Kinross Gold from a “market perform” rating to a “buy” rating and lifted their price target for the stock from C$11.00 to C$13.00 in a research report on Thursday, May 9th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$13.33.

Kinross Gold Price Performance

Shares of K stock opened at C$12.22 on Tuesday. Kinross Gold has a 52-week low of C$5.91 and a 52-week high of C$12.86. The stock has a market cap of C$15.03 billion, a PE ratio of 24.94, a PEG ratio of -0.60 and a beta of 1.19. The company has a debt-to-equity ratio of 36.08, a quick ratio of 1.11 and a current ratio of 1.15. The firm’s 50 day moving average price is C$11.18 and its two-hundred day moving average price is C$9.10.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.06. Kinross Gold had a net margin of 9.86% and a return on equity of 7.06%. The firm had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.19 billion.

Kinross Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, May 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.98%. Kinross Gold’s dividend payout ratio is presently 32.65%.

Insider Transactions at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 7,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$11.09, for a total transaction of C$77,630.00. In other news, Senior Officer Claude J.S. Schimper sold 7,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$11.09, for a total transaction of C$77,630.00. Also, 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 transaction of C$65,377.76. Insiders have sold 643,076 shares of company stock worth $6,954,397 in the last ninety days. Insiders own 0.27% 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.