Scotiabank Estimates Kinross Gold’s FY2027 Earnings (TSE:K)

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at Scotiabank dropped their FY2027 EPS estimates for Kinross Gold in a report issued on Friday, September 25th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $3.42 per share for the year, down from their previous estimate of $3.79. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

A number of other analysts also recently weighed in on K. Desjardins dropped their target price on 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. 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 target on shares of Kinross Gold from C$41.00 to C$38.00 in a research note on Monday, July 6th. 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 for the company in a report on Friday, July 31st. Finally, BMO Capital Markets cut their price objective on shares of Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$47.64.

Kinross Gold Price Performance

K opened at C$34.46 on Tuesday. 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 stock has a market capitalization of C$41.15 billion, a P/E ratio of 13.10, a PEG ratio of -0.60 and a beta of 1.68. The stock has a 50-day moving average price of C$38.68 and a 200-day moving average price of C$39.17. Kinross Gold has a 12-month low of C$30.93 and a 12-month high of C$53.57.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly 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 business had revenue of C$3.18 billion for the quarter.

Insider Activity at Kinross Gold

In other news, insider Daniel Fombonne sold 2,003 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of C$38.48, for a total transaction of C$77,075.44. Following the completion of the sale, the insider owned 16,155 shares of the company’s stock, valued at approximately C$621,644.40. This represents a 11.03% decrease in their ownership of the stock. Also, insider William D. Dunford sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 27,374 shares in the company, valued at C$1,116,037.98. This represents a 52.29% decrease in their position. Insiders sold 33,338 shares of company stock worth $1,351,546 in the last ninety days. 0.26% of the stock is owned by company 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.