Q3 2023 Earnings Forecast for Kinross Gold Co. (TSE:K) Issued By Raymond James

Posted by Defense World Staff on May 22nd, 2023

Kinross Gold Co. (TSE:K – Get Rating) (NYSE:KGC) – Stock analysts at Raymond James decreased their Q3 2023 EPS estimates for Kinross Gold in a research report issued to clients and investors on Thursday, May 18th. Raymond James analyst F. Hamed now expects that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.05. The consensus estimate for Kinross Gold’s current full-year earnings is $0.34 per share. Raymond James also issued estimates for Kinross Gold’s FY2023 earnings at $0.20 EPS and Q4 2024 earnings at $0.07 EPS.

A number of other analysts have also recently issued reports on K. National Bankshares raised their target price on shares of Kinross Gold from C$9.75 to C$10.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 17th. Cormark lowered their price target on shares of Kinross Gold from C$6.75 to C$6.00 in a research report on Friday, February 17th.

Kinross Gold Stock Performance

Shares of K stock opened at C$6.97 on Monday. The stock has a market cap of C$8.57 billion, a P/E ratio of 232.33, a P/E/G ratio of -0.60 and a beta of 0.97. The company has a debt-to-equity ratio of 44.89, a current ratio of 2.46 and a quick ratio of 1.11. The company has a fifty day moving average price of C$6.62 and a two-hundred day moving average price of C$5.99. Kinross Gold has a one year low of C$3.92 and a one year high of C$7.47.

Kinross Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.72%. Kinross Gold’s dividend payout ratio (DPR) is currently 533.33%.

Insider Transactions at Kinross Gold

In other news, Senior Officer Nathan M. Longenecker sold 89,912 shares of Kinross Gold stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of C$3.70, for a total value of C$332,701.37. Corporate insiders own 0.27% of the company’s stock.

About Kinross Gold

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Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.