Kinross Gold FY2024 EPS Forecast Increased by Stifel Canada

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Stifel Canada lifted their FY2024 earnings per share (EPS) estimates for shares of Kinross Gold in a report released on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the company will earn $1.04 per share 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.

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

A number of other equities research analysts have also recently weighed in on the company. Stifel Nicolaus upped their price target on Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares upped their price target on Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Kinross Gold presently has an average rating of “Buy” and an average target price of C$16.70.

Kinross Gold Stock Performance

TSE K opened at C$17.01 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The business’s 50 day moving average is C$14.50 and its two-hundred day moving average is C$13.50. Kinross Gold has a 12-month low of C$6.46 and a 12-month high of C$17.17. The stock has a market capitalization of C$20.92 billion, a price-to-earnings ratio of 31.50, a PEG ratio of -0.60 and a beta of 1.24.

Insider Buying and Selling

In related news, Director George Nickolas Paspalas purchased 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of C$13.79 per share, for a total transaction of C$68,950.00. Also, 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. In the last ninety days, insiders have sold 1,608,122 shares of company stock valued at $22,536,883. 0.26% of the stock is currently 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.