Kinross Gold (K) to Release Quarterly Earnings on Tuesday

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

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of C$1.39 billion.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at C$13.93 on Friday. The business’s 50 day moving average price is C$13.10 and its 200 day moving average price is C$11.66. The company has a market cap of C$17.13 billion, a price-to-earnings ratio of 25.80, a PEG ratio of -0.60 and a beta of 1.24. 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 one year low of C$6.46 and a one year high of C$14.95.

Analyst Ratings Changes

K has been the topic of a number of recent analyst reports. National Bankshares upped their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group lowered their price target on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a report on Friday, September 13th. Stifel Nicolaus raised their price objective on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Finally, Eight Capital upped their target price on shares of 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. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Kinross Gold presently has an average rating of “Buy” and a consensus price target of C$16.70.

Insiders Place Their Bets

In related news, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total value of C$61,411.71. In related news, Senior Officer David C. Shaver sold 4,663 shares of the company’s 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 value of C$61,411.71. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. Insiders sold 21,163 shares of company stock worth $273,407 in the last 90 days. Corporate insiders own 0.26% of the company’s stock.

About Kinross Gold

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.