Kinross Gold (K) Scheduled to Post Quarterly Earnings on Tuesday

Kinross Gold (TSE:K) (NYSE:KGC) will announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of C$0.22 per share for the quarter.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. The business had revenue of C$1.67 billion for the quarter, compared to analysts’ expectations of C$1.39 billion.

Kinross Gold Price Performance

Shares of TSE:K opened at C$14.54 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The stock’s fifty day simple moving average is C$12.95 and its two-hundred day simple moving average is C$11.51. Kinross Gold has a 1-year low of C$6.46 and a 1-year high of C$14.95. The stock has a market cap of C$17.88 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.041 per share. The ex-dividend date was Thursday, August 22nd. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 1.13%. Kinross Gold’s dividend payout ratio (DPR) is 29.63%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of Kinross Gold stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of Kinross Gold stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. Also, Senior Officer Laurence Davies sold 12,000 shares of Kinross Gold stock in a transaction dated 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 in the last quarter. 0.26% of the stock is owned by company insiders.

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.