Kinross Gold Co. (TSE:K – Free Report) (NYSE:KGC) – Analysts at Scotiabank lowered their FY2027 earnings per share (EPS) estimates for Kinross Gold in a research report issued to clients and investors on Friday, September 25th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $3.42 for the year, down from their previous forecast of $3.79. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.
Other equities analysts have also recently issued research reports about the company. National Bank Financial decreased their price target on Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating for the company in a report on Friday, July 31st. BMO Capital Markets lowered their price target on shares of Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Jefferies Financial Group dropped their price target on shares of Kinross Gold from C$41.00 to C$38.00 in a research note on Monday, July 6th. Desjardins decreased their price objective on shares of Kinross Gold from C$58.00 to C$53.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Finally, ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and raised their target price for the company from C$41.00 to C$45.00 in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$47.64.
Kinross Gold Stock Performance
Shares of TSE:K opened at C$34.30 on Tuesday. The business’s 50-day simple moving average is C$38.68 and its 200 day simple moving average is C$39.10. The company has a market cap of C$40.96 billion, a P/E ratio of 13.04, a PEG ratio of -0.60 and a beta of 1.68. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.11 and a current ratio of 2.89. Kinross Gold has a one year low of C$30.93 and a one year high of C$53.57.
Kinross Gold (TSE:K – Get 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 during the quarter.
Insider Transactions at Kinross Gold
In other Kinross Gold news, insider Laurence Davies sold 1,335 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total transaction of C$51,370.80. Following the completion of the transaction, the insider directly owned 11,855 shares of the company’s stock, valued at C$456,180.40. This trade represents a 10.12% decrease in their position. Also, insider William D. Dunford sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$40.77, for a total transaction of C$1,223,100.00. Following the completion of the sale, the insider directly owned 27,374 shares of the company’s stock, valued at C$1,116,037.98. The trade was a 52.29% decrease in their position. Over the last quarter, insiders sold 33,338 shares of company stock valued at $1,351,546. 0.26% of the stock is currently owned by corporate insiders.
About Kinross Gold
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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