Q3 2022 Earnings Estimate for Kinross Gold Co. Issued By Cormark (TSE:K)

Kinross Gold Co. (TSE:KGet Rating) (NYSE:KGC) – Research analysts at Cormark reduced their Q3 2022 earnings per share estimates for shares of Kinross Gold in a report issued on Tuesday, September 20th. Cormark analyst R. Gray now forecasts that the company will earn $0.09 per share for the quarter, down from their prior forecast of $0.10. The consensus estimate for Kinross Gold’s current full-year earnings is $0.54 per share.

Separately, National Bankshares lowered their target price on Kinross Gold from C$9.25 to C$8.25 and set an “outperform” rating for the company in a research note on Wednesday, August 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kinross Gold has an average rating of “Moderate Buy” and an average target price of C$9.14.

Kinross Gold Price Performance

TSE K opened at C$4.68 on Wednesday. The business has a 50 day simple moving average of C$4.39 and a 200 day simple moving average of C$5.58. Kinross Gold has a 52-week low of C$3.92 and a 52-week high of C$8.94. The company has a debt-to-equity ratio of 42.01, a quick ratio of 1.04 and a current ratio of 3.00. The stock has a market cap of C$6.08 billion and a price-to-earnings ratio of 24.63.

Kinross Gold (TSE:KGet Rating) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, July 27th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The firm had revenue of C$1.05 billion during the quarter.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Wednesday, August 17th. Kinross Gold’s dividend payout ratio (DPR) is currently 63.16%.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer Michiel Van Akkooi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of C$4.34, for a total transaction of C$43,400.00. Following the completion of the transaction, the insider now owns 41,532 shares of the company’s stock, valued at approximately C$180,248.88. In other Kinross Gold news, Senior Officer Michiel Van Akkooi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of C$4.34, for a total transaction of C$43,400.00. Following the completion of the transaction, the insider now owns 41,532 shares of the company’s stock, valued at approximately C$180,248.88. Also, Director Glenn Antony Ives acquired 20,000 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was bought at an average cost of C$4.35 per share, with a total value of C$87,052.80. Following the acquisition, the director now owns 70,000 shares in the company, valued at approximately C$304,684.80. Insiders sold a total of 18,500 shares of company stock valued at $81,240 in the last quarter.

About Kinross Gold

(Get Rating)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

Read More

Earnings History and Estimates for Kinross Gold (TSE:K)

Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.