Kinross Gold FY2024 EPS Increased by National Bank Financial

Kinross Gold Co. (TSE:K) (NYSE:KGC) – National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for shares of Kinross Gold in a report issued on Wednesday, November 6th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $1.14 for the year, up from their previous estimate of $1.08. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. National Bank Financial also issued estimates for Kinross Gold’s FY2025 earnings at $1.58 EPS.

A number of other brokerages have also recently commented on K. Eight Capital raised their target price on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. National Bankshares raised their target price on Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group decreased their target price on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, Stifel Nicolaus raised their price target on Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$16.70.

Kinross Gold Price Performance

TSE K opened at C$14.83 on Friday. The business’s fifty day moving average price is C$13.23 and its 200-day moving average price is C$11.81. The stock has a market capitalization of C$18.24 billion, a price-to-earnings ratio of 27.46, a PEG ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. Kinross Gold has a 1-year low of C$6.46 and a 1-year high of C$14.95.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be given a dividend of $0.041 per share. The ex-dividend date is Thursday, November 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.11%. Kinross Gold’s payout ratio is 29.63%.

Insider Activity

In related news, Senior Officer Laurence Davies sold 12,000 shares of Kinross Gold stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$13.05, for a total value of C$156,600.00. In other Kinross Gold news, Senior Officer David C. Shaver sold 4,663 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total transaction of C$61,411.71. Also, Senior Officer Laurence Davies sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$13.05, for a total value of C$156,600.00. Insiders sold a total of 21,163 shares of company stock worth $273,407 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

About Kinross Gold

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.