Equities Analysts Set Expectations for Kinross Gold Co.’s Q2 2024 Earnings (TSE:K)

Kinross Gold Co. (TSE:KFree Report) (NYSE:KGC) – Research analysts at Zacks Research upped their Q2 2024 EPS estimates for Kinross Gold in a research note issued to investors on Tuesday, May 28th. Zacks Research analyst A. Barman now anticipates that the company will post earnings of $0.12 per share for the quarter, up from their prior forecast of $0.09. The consensus estimate for Kinross Gold’s current full-year earnings is $0.72 per share. Zacks Research also issued estimates for Kinross Gold’s Q3 2024 earnings at $0.14 EPS, Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.53 EPS and Q2 2025 earnings at $0.14 EPS.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus lifted their price target on Kinross Gold from C$9.00 to C$11.50 and gave the stock a “buy” rating in a research note on Friday, April 19th. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Eight Capital lifted their target price on Kinross Gold from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Canaccord Genuity Group lifted their target price on Kinross Gold from C$12.50 to C$13.50 and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, National Bankshares lifted their target price on Kinross Gold from C$13.50 to C$13.75 in a research note on Thursday, May 9th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$11.88.

View Our Latest Report on Kinross Gold

Kinross Gold Price Performance

Shares of TSE K opened at C$11.10 on Thursday. The firm’s 50-day simple moving average is C$9.42 and its 200 day simple moving average is C$8.17. The stock has a market cap of C$13.65 billion, a P/E ratio of 22.65, a P/E/G ratio of -0.60 and a beta of 1.19. Kinross Gold has a fifty-two week low of C$5.91 and a fifty-two week high of C$11.27. The company has a quick ratio of 1.11, a current ratio of 1.15 and a debt-to-equity ratio of 36.08.

Kinross Gold (TSE:KGet Free Report) (NYSE:KGC) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.14 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.06. Kinross Gold had a net margin of 9.86% and a return on equity of 7.06%. The business had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.19 billion.

Insider Buying and Selling

In other news, Senior Officer Geoffrey Peters Gold sold 600,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$10.83, for a total transaction of C$6,499,680.00. In other news, Senior Officer Kathleen M. Grandy sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$7.27, for a total transaction of C$130,860.00. Also, Senior Officer Geoffrey Peters Gold sold 600,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$10.83, for a total value of C$6,499,680.00. In the last ninety days, insiders sold 685,921 shares of company stock worth $7,200,489. 0.27% of the stock is currently owned by insiders.

Kinross Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.12 annualized dividend and a yield of 1.08%. Kinross Gold’s dividend payout ratio (DPR) is currently 32.65%.

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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