Analysts Issue Forecasts for Kinross Gold Q4 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – National Bank Financial issued their Q4 2024 earnings estimates for Kinross Gold in a note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin forecasts that the company will earn $0.36 per share for the quarter. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

K has been the subject of several other reports. National Bankshares increased their price target on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday. Stifel Nicolaus increased their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$17.10.

Kinross Gold Stock Up 0.9 %

TSE:K opened at C$17.39 on Wednesday. Kinross Gold has a 1-year low of C$6.46 and a 1-year high of C$17.63. The company has a 50-day moving average of C$14.84 and a 200 day moving average of C$13.67. The firm has a market cap of C$21.39 billion, a PE ratio of 32.20, a price-to-earnings-growth 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.

Insider Activity

In other news, Director George Nickolas Paspalas acquired 5,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average price of C$13.79 per share, for a total transaction of C$68,950.00. Also, Director Jonathan Paul Rollinson sold 1,300,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$14.00, for a total value of C$18,200,000.00. Insiders have sold 1,408,122 shares of company stock worth $19,734,883 in the last quarter. Corporate insiders own 0.26% of the company’s stock.

Kinross Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.69%. Kinross Gold’s dividend payout ratio (DPR) is 29.63%.

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.