Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Analysts at Cormark lifted their Q4 2024 earnings estimates for shares of Kinross Gold in a research note issued to investors on Thursday, November 7th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.33 for the quarter, up from their previous estimate of $0.25. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share. Cormark also issued estimates for Kinross Gold's FY2025 earnings at $1.25 EPS and FY2026 earnings at $1.20 EPS.
K has been the topic of several other research reports. Eight Capital raised their price objective 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. Canaccord Genuity Group cut their price objective 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 report on Monday, October 21st. Finally, National Bankshares upped their target price 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$16.70.
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Shares of TSE:K opened at C$14.83 on Friday. The company has a market cap of C$18.24 billion, a price-to-earnings ratio of 27.46, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a one year low of C$6.46 and a one year high of C$14.95. The firm has a fifty day moving average price of C$13.23 and a two-hundred day moving average price of C$11.81. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11.
In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In other Kinross Gold 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 transaction of C$61,411.71. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In the last 90 days, insiders have sold 21,163 shares of company stock worth $273,407. Corporate insiders own 0.26% of the company's stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be given a dividend of $0.041 per share. This represents a $0.16 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 28th. Kinross Gold's dividend payout ratio is currently 29.63%.
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.
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