Raymond James Increases Earnings Estimates for Kinross Gold

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities researchers at Raymond James upped their FY2024 earnings per share (EPS) estimates for shares of Kinross Gold in a research report issued on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the company will earn $1.04 per share for the year, up from their prior forecast of $0.93. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Raymond James also issued estimates for Kinross Gold’s Q4 2024 earnings at $0.35 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.22 EPS and Q4 2025 earnings at $0.20 EPS.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Tuesday, November 5th. The company reported C$0.33 EPS for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.08. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. During the same period last year, the company earned $0.16 EPS.

A number of other equities analysts have also weighed in on K. National Bankshares boosted their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus raised their price objective 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, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$16.70.

Kinross Gold Trading Up 3.5 %

Kinross Gold stock opened at C$17.01 on Wednesday. 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 firm has a market cap of C$20.92 billion, a PE ratio of 31.50, a P/E/G ratio of -0.60 and a beta of 1.24. The stock’s 50 day simple moving average is C$14.50 and its two-hundred day simple moving average is C$13.50. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$17.17.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total value of C$99,067.02. Also, Director Jonathan Paul Rollinson sold 200,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$14.01, for a total transaction of C$2,802,000.00. In the last three months, insiders have sold 1,608,122 shares of company stock valued at $22,536,883. 0.26% of the stock is owned by company insiders.

About Kinross Gold

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.