FY2024 EPS Estimates for Kinross Gold Increased by Analyst

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Raymond James lifted their FY2024 earnings estimates for shares of Kinross Gold in a research note issued to investors on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the company will earn $1.04 per share for the year, up from their prior forecast of $0.93. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Raymond James also issued estimates for Kinross Gold’s Q4 2024 earnings at $0.35 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.22 EPS and Q4 2025 earnings at $0.20 EPS.

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

A number of other research firms also recently weighed in on K. Stifel Nicolaus lifted their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. National Bankshares lifted their price target on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Trading Down 1.4 %

Shares of TSE:K opened at C$16.44 on Wednesday. Kinross Gold has a 12-month low of C$6.46 and a 12-month high of C$17.14. The stock has a market cap of C$20.22 billion, a PE ratio of 30.44, a P/E/G ratio of -0.60 and a beta of 1.24. The business has a 50 day moving average of C$14.44 and a 200-day moving average of C$13.48. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89.

Insider Activity at Kinross Gold

In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the 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. Also, Director Jonathan Paul Rollinson sold 1,300,000 shares of Kinross Gold stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total value of C$18,200,000.00. Insiders sold 1,608,122 shares of company stock worth $22,536,883 over the last three months. Company insiders own 0.26% of the company’s stock.

About Kinross Gold

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.