Stifel Canada Estimates Kinross Gold Q3 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at Stifel Canada issued their Q3 2024 earnings estimates for Kinross Gold in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the company will post earnings per share of $0.25 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 results on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. The company had revenue of C$1.67 billion during the quarter, compared to analysts’ expectations of C$1.39 billion. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%.

A number of other research analysts have also issued reports on the stock. Eight Capital raised their price objective on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Canaccord Genuity Group cut their price target on shares of 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. National Bankshares increased their price objective on Kinross Gold from C$13.75 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Finally, Stifel Nicolaus raised their target price on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Kinross Gold currently has an average rating of “Buy” and an average target price of C$15.90.

Kinross Gold Price Performance

Kinross Gold stock opened at C$14.80 on Wednesday. The stock has a 50-day moving average price of C$12.65 and a two-hundred day moving average price of C$11.29. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$14.95. The company has a market capitalization of C$18.20 billion, a PE ratio of 27.41, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89.

Insider Buying and Selling at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm’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 transaction of C$55,395.00. In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. Also, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total transaction of C$61,411.71. Over the last quarter, insiders have sold 21,163 shares of company stock valued at $273,407. 0.26% of the stock is currently owned by insiders.

Kinross Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a $0.041 dividend. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, August 22nd. This represents a $0.16 annualized dividend and a yield of 1.11%. Kinross Gold’s payout ratio is presently 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.