Stifel Canada Forecasts Increased Earnings for Kinross Gold

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Stifel Canada lifted their FY2024 earnings per share (EPS) estimates for shares of Kinross Gold in a research note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the company will post earnings per share of $1.04 for the year, up from their previous forecast of $1.03. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Stifel Canada also issued estimates for Kinross Gold’s Q4 2024 earnings at $0.29 EPS, FY2025 earnings at $1.15 EPS and FY2026 earnings at $1.16 EPS.

K has been the topic of a number of other reports. Stifel Nicolaus raised their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. National Bankshares upped their price target 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. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Trading Up 0.2 %

Shares of TSE K opened at C$17.05 on Thursday. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. Kinross Gold has a 52 week low of C$6.46 and a 52 week high of C$17.17. The business has a 50 day simple moving average of C$14.57 and a 200 day simple moving average of C$13.54. The stock has a market cap of C$20.97 billion, a price-to-earnings ratio of 31.57, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.25 by C$0.08. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. During the same period last year, the firm posted $0.16 EPS.

Insider Activity at Kinross Gold

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