FY2027 EPS Estimates for Kinross Gold Raised by Scotiabank

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Analysts at Scotiabank increased their FY2027 earnings per share (EPS) estimates for Kinross Gold in a research note issued on Tuesday, August 4th. Scotiabank analyst T. Jakusconek now forecasts that the company will earn $3.79 per share for the year, up from their previous forecast of $3.72. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

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

Several other equities research analysts have also issued reports on K. BMO Capital Markets raised their target price on Kinross Gold from C$45.00 to C$55.00 in a research report on Wednesday, April 22nd. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and increased their price target for the company from C$41.00 to C$45.00 in a research report on Friday, July 31st. Jefferies Financial Group decreased their price objective on shares of Kinross Gold from C$41.00 to C$38.00 in a report on Monday, July 6th. Finally, National Bank Financial lowered their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinross Gold has an average rating of “Buy” and an average price target of C$47.36.

Kinross Gold Stock Down 0.3%

K stock opened at C$35.93 on Friday. The stock’s fifty day simple moving average is C$35.05 and its two-hundred day simple moving average is C$41.01. The company has a current ratio of 2.89, a quick ratio of 1.11 and a debt-to-equity ratio of 7.65. Kinross Gold has a 1-year low of C$25.42 and a 1-year high of C$53.57. The stock has a market cap of C$42.62 billion, a P/E ratio of 13.66, a P/E/G ratio of -0.60 and a beta of 1.48.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, insider Claude J.S. Schimper sold 15,000 shares of the firm’s 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 C$1,978,589.80. This trade represents a 23.42% decrease in their ownership of the stock. Also, insider Stephen Kerrigan sold 791 shares of the business’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 completion of the sale, the insider owned 84,936 shares in the company, valued at approximately C$3,322,696.32. The trade was a 0.92% decrease in their ownership of the stock. Over the last ninety days, insiders sold 28,582 shares of company stock valued at $1,152,718. Company insiders own 0.26% of the company’s stock.

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