Kinross Gold Co. (TSE:K – Free Report) (NYSE:KGC) – Investment analysts at Desjardins raised their FY2024 earnings per share (EPS) estimates for shares of Kinross Gold in a report issued on Thursday, August 1st. Desjardins analyst J. Sclodnick now expects that the company will post earnings of $0.83 per share for the year, up from their prior forecast of $0.80. The consensus estimate for Kinross Gold’s current full-year earnings is $0.72 per share. Desjardins also issued estimates for Kinross Gold’s FY2025 earnings at $1.24 EPS.
Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last issued its earnings results on Tuesday, May 7th. The company reported C$0.14 EPS for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.06. Kinross Gold had a return on equity of 7.06% and a net margin of 9.86%. The business had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.19 billion.
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Kinross Gold Stock Performance
Shares of Kinross Gold stock opened at C$11.82 on Monday. Kinross Gold has a one year low of C$5.91 and a one year high of C$13.08. The firm has a market capitalization of C$14.54 billion, a price-to-earnings ratio of 24.12, a PEG ratio of -0.60 and a beta of 1.19. The business has a 50-day simple moving average of C$11.39 and a 200 day simple moving average of C$9.40. The company has a debt-to-equity ratio of 36.08, a current ratio of 1.15 and a quick ratio of 1.11.
Kinross Gold Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd will be paid a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 22nd. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s payout ratio is presently 32.65%.
Insider Transactions at Kinross Gold
In related news, Senior Officer Claude J.S. Schimper sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$10.39, for a total value of C$311,709.00. In related news, Senior Officer Claude J.S. Schimper sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$10.39, for a total value of C$311,709.00. Also, Senior Officer Geoffrey Peters Gold sold 600,000 shares of the company’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. Insiders have sold 643,076 shares of company stock worth $6,954,397 in the last 90 days. Insiders own 0.27% of the company’s stock.
Kinross Gold Company Profile
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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