Jefferies Financial Group Weighs in on Kinross Gold Co.’s Q1 2023 Earnings (TSE:K)

Kinross Gold Co. (TSE:K – Get Rating) (NYSE:KGC) – Equities researchers at Jefferies Financial Group issued their Q1 2023 earnings estimates for Kinross Gold in a report issued on Tuesday, January 17th. Jefferies Financial Group analyst C. Lafemina forecasts that the company will post earnings per share of $0.19 for the quarter. The consensus estimate for Kinross Gold’s current full-year earnings is $0.37 per share. Jefferies Financial Group also issued estimates for Kinross Gold’s Q2 2023 earnings at $0.19 EPS, Q3 2023 earnings at $0.19 EPS and Q4 2023 earnings at $0.19 EPS.

Several other research analysts have also issued reports on K. Stifel Nicolaus decreased their price target on shares of Kinross Gold from C$10.00 to C$9.00 in a research report on Wednesday, November 23rd. Royal Bank of Canada reduced their target price on Kinross Gold from C$6.00 to C$4.00 and set a “sector perform” rating for the company in a report on Tuesday, December 6th. Barclays dropped their price target on Kinross Gold from C$6.00 to C$5.00 in a research note on Monday, October 17th. Canaccord Genuity Group dropped their target price on shares of Kinross Gold from C$8.00 to C$7.25 in a research report on Wednesday, November 16th. Finally, National Bankshares upped their price target on shares of Kinross Gold from C$8.25 to C$8.50 and gave the company an “outperform” rating in a research report on Friday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Kinross Gold currently has an average rating of “Moderate Buy” and a consensus price target of C$7.97.

Kinross Gold Price Performance

Shares of Kinross Gold stock opened at C$6.32 on Friday. Kinross Gold has a 52 week low of C$3.92 and a 52 week high of C$7.99. The company has a current ratio of 2.98, a quick ratio of 1.11 and a debt-to-equity ratio of 40.95. The stock has a market cap of C$8.12 billion and a PE ratio of 18.59. The company’s 50-day moving average price is C$5.79 and its two-hundred day moving average price is C$5.04.

Kinross Gold (TSE:K – Get Rating) (NYSE:KGC) last issued its quarterly earnings results on Wednesday, November 9th. The company reported C$0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.01). The firm had revenue of C$1.12 billion during the quarter.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.12 dividend on an annualized basis and a yield of 1.90%. Kinross Gold’s dividend payout ratio (DPR) is currently 35.29%.

About Kinross Gold

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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.