Stifel Canada Forecasts Kinross Gold FY2028 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at Stifel Canada issued their FY2028 earnings per share (EPS) estimates for shares of Kinross Gold in a report issued on Wednesday, March 19th. Stifel Canada analyst R. Profiti expects that the company will earn $0.27 per share for the year. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Separately, National Bankshares raised their price objective on Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$17.10.

Kinross Gold Trading Up 0.9 %

Shares of K stock opened at C$17.64 on Thursday. Kinross Gold has a 52-week low of C$7.65 and a 52-week high of C$17.76. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The firm has a market capitalization of C$15.34 billion, a PE ratio of 20.77, a PEG ratio of -0.60 and a beta of 1.24. The stock has a fifty day simple moving average of C$16.04 and a two-hundred day simple moving average of C$14.40.

Insiders Place Their Bets

In other news, Senior Officer Geoffrey Peters Gold sold 99,347 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$15.22, for a total transaction of C$1,512,061.34. Also, Director George Vincent Albino bought 5,000 shares of Kinross Gold stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of C$16.07 per share, for a total transaction of C$80,369.87. Insiders sold a total of 344,670 shares of company stock valued at $5,276,336 over the last 90 days. Insiders own 0.26% of the company’s stock.

Kinross Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.68%. Kinross Gold’s payout ratio is currently 18.84%.

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.