What is Cormark’s Estimate for Kinross Gold Q3 Earnings?

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at Cormark boosted their Q3 2024 earnings per share (EPS) estimates for shares of Kinross Gold in a note issued to investors on Wednesday, October 23rd. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.25 per share for the quarter, up from their prior forecast of $0.22. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

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

Several other equities analysts also recently weighed in on the company. Canaccord Genuity Group lowered their target price on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Eight Capital lifted their price objective 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. Stifel Nicolaus increased their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Finally, National Bankshares lifted their price target on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and an average price target of C$16.70.

Kinross Gold Trading Down 1.9 %

Shares of Kinross Gold stock opened at C$14.62 on Friday. Kinross Gold has a 1-year low of C$6.46 and a 1-year high of C$14.95. The company’s fifty day simple moving average is C$12.90 and its 200-day simple moving average is C$11.49. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The stock has a market capitalization of C$17.98 billion, a PE ratio of 27.07, a P/E/G ratio of -0.60 and a beta of 1.24.

Insider Buying and Selling

In related news, Senior Officer David C. Shaver sold 4,663 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. In related news, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total transaction of C$61,411.71. Also, Senior Officer Laurence Davies sold 12,000 shares of Kinross Gold stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$13.05, for a total value of C$156,600.00. In the last three months, insiders have sold 21,163 shares of company stock valued at $273,407. Corporate insiders own 0.26% of the company’s stock.

Kinross Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were paid a dividend of $0.041 per share. This represents a $0.16 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, August 22nd. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s dividend payout ratio (DPR) is 29.63%.

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.