Stifel Canada Comments on Kinross Gold FY2028 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Stifel Canada issued their FY2028 earnings per share estimates for shares of Kinross Gold in a research report issued on Wednesday, March 19th. Stifel Canada analyst R. Profiti forecasts that the company will post earnings per share of $0.27 for the year. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Separately, National Bankshares lifted their target price on shares of Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$17.10.

Kinross Gold Price Performance

K stock opened at C$17.48 on Thursday. The company has a market capitalization of C$15.20 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. Kinross Gold has a 52-week low of C$7.40 and a 52-week high of C$17.63. The business has a 50-day simple moving average of C$16.00 and a two-hundred day simple moving average of C$14.36.

Kinross Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.69%. Kinross Gold’s payout ratio is 18.84%.

Insider Buying and Selling at Kinross Gold

In other news, Director George Vincent Albino purchased 5,000 shares of Kinross Gold stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of C$16.07 per share, for a total transaction of C$80,369.87. Also, Senior Officer Laurence Davies sold 10,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$16.58, for a total transaction of C$165,800.00. Insiders have sold 344,670 shares of company stock valued at $5,276,336 in the last 90 days. 0.26% of the stock is currently owned by company insiders.

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.