FY2027 EPS Estimates for Kinross Gold Lifted by Scotiabank

Kinross Gold Co. (TSE:KFree Report) (NYSE:KGC) – Scotiabank boosted their FY2027 earnings per share estimates for Kinross Gold in a research report issued on Tuesday, August 4th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $3.79 for the year, up from their prior estimate of $3.72. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Kinross Gold (TSE:KGet Free Report) (NYSE:KGC) last issued its earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. Kinross Gold had a return on equity of 35.91% and a net margin of 37.56%.The company had revenue of C$3.18 billion for the quarter.

K has been the topic of several other research reports. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. BMO Capital Markets lifted their price objective on shares of Kinross Gold from C$45.00 to C$55.00 in a report on Wednesday, April 22nd. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$41.00 to C$45.00 in a research report on Friday, July 31st. Jefferies Financial Group decreased their target price on shares of Kinross Gold from C$41.00 to C$38.00 in a research report on Monday, July 6th. Finally, National Bank Financial dropped their price target on shares of Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating on the stock in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$47.36.

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Kinross Gold Stock Performance

TSE K opened at C$35.93 on Friday. The company has a fifty day simple moving average of C$35.05 and a 200 day simple moving average of C$41.01. Kinross Gold has a 12-month low of C$25.42 and a 12-month high of C$53.57. The company has a current ratio of 2.89, a quick ratio of 1.11 and a debt-to-equity ratio of 7.65. The company has a market cap of C$42.62 billion, a P/E ratio of 13.66, a PEG ratio of -0.60 and a beta of 1.48.

Insider Buying and Selling

In related news, insider Claude J.S. Schimper sold 15,000 shares of the stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$40.33, for a total value of C$604,950.00. Following the completion of the sale, the insider directly owned 49,060 shares of the company’s stock, valued at approximately C$1,978,589.80. This represents a 23.42% decrease in their position. Also, insider Stephen Kerrigan sold 791 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$39.12, for a total value of C$30,943.92. Following the transaction, the insider owned 84,936 shares in the company, valued at approximately C$3,322,696.32. This trade represents a 0.92% decrease in their ownership of the stock. Over the last 90 days, insiders sold 28,582 shares of company stock worth $1,152,718. 0.26% of the stock is owned by corporate insiders.

About Kinross Gold

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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. The company has historically used acquisitions to fuel expansion into new regions and production growth.

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Earnings History and Estimates for Kinross Gold (TSE:K)

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