Kinross Gold Co. to Post Q3 2024 Earnings of $0.07 Per Share, Raymond James Forecasts (TSE:K)

Kinross Gold Co. (TSE:KFree Report) (NYSE:KGC) – Equities research analysts at Raymond James cut their Q3 2024 EPS estimates for shares of Kinross Gold in a research note issued to investors on Tuesday, March 19th. Raymond James analyst F. Hamed now forecasts that the company will earn $0.07 per share for the quarter, down from their prior estimate of $0.12. The consensus estimate for Kinross Gold’s current full-year earnings is $0.46 per share. Raymond James also issued estimates for Kinross Gold’s Q4 2024 earnings at $0.12 EPS.

Separately, National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a research report on Wednesday, January 3rd.

Read Our Latest Report on Kinross Gold

Kinross Gold Price Performance

Shares of TSE:K opened at C$7.69 on Thursday. The company has a quick ratio of 1.11, a current ratio of 2.63 and a debt-to-equity ratio of 36.54. Kinross Gold has a fifty-two week low of C$5.71 and a fifty-two week high of C$8.39. The firm has a 50-day simple moving average of C$7.23 and a 200 day simple moving average of C$7.28. The company has a market cap of C$9.46 billion, a PE ratio of 16.72, a P/E/G ratio of -0.60 and a beta of 1.13.

Kinross Gold (TSE:KGet Free Report) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.03. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. The business had revenue of C$1.52 billion during the quarter, compared to the consensus estimate of C$1.24 billion.

Insider Activity at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$7.64, for a total transaction of C$64,176.00. In related news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total value of C$144,508.16. Also, Senior Officer Claude J.S. Schimper sold 8,400 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$7.64, for a total transaction of C$64,176.00. Insiders sold a total of 143,621 shares of company stock valued at $893,873 over the last ninety days. Insiders own 0.28% of the company’s stock.

Kinross Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold’s dividend payout ratio is presently 34.78%.

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, 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.

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

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