Kinross Gold Co. (TSE:K – Free Report) (NYSE:KGC) – Research analysts at National Bank Financial cut their FY2024 earnings per share estimates for Kinross Gold in a research note issued on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of $1.06 for the year, down from their previous estimate of $1.14. 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 $1.54 EPS.
K has been the topic of several other reports. National Bankshares boosted their target price on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday. Stifel Nicolaus upped their price objective on Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$17.10.
Kinross Gold Stock Performance
Shares of TSE:K opened at C$17.39 on Thursday. 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$17.63. The firm has a market capitalization of C$21.39 billion, a PE ratio of 32.20, a P/E/G ratio of -0.60 and a beta of 1.24. The business’s 50 day moving average price is C$14.84 and its 200-day moving average price is C$13.67.
Kinross Gold Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.69%. Kinross Gold’s payout ratio is 29.63%.
Insider Transactions at Kinross Gold
In related news, Director Jonathan Paul Rollinson sold 1,300,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$14.00, for a total transaction of C$18,200,000.00. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total value of C$99,067.02. Insiders have sold a total of 1,408,122 shares of company stock worth $19,734,883 over the last ninety days. 0.26% of the stock is currently owned by company insiders.
Kinross Gold Company Profile
Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.
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