FY2021 EPS Estimates for Kinross Gold Co. (TSE:K) Reduced by Raymond James

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities researchers at Raymond James decreased their FY2021 EPS estimates for shares of Kinross Gold in a research report issued to clients and investors on Monday, April 5th. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $0.69 per share for the year, down from their previous estimate of $0.95. Raymond James currently has a “Outperform” rating and a $13.00 target price on the stock. Raymond James also issued estimates for Kinross Gold’s FY2022 earnings at $1.06 EPS.

K has been the topic of several other reports. Canaccord Genuity reduced their price objective on Kinross Gold from C$17.00 to C$16.00 in a research note on Tuesday, February 9th. JPMorgan Chase & Co. restated an “overweight” rating and set a C$14.00 price objective on shares of Kinross Gold in a research note on Wednesday, February 10th.

Kinross Gold stock opened at C$9.04 on Thursday. The stock has a 50 day moving average of C$8.45 and a 200-day moving average of C$9.71. Kinross Gold has a 52 week low of C$6.89 and a 52 week high of C$13.59. The stock has a market cap of C$11.40 billion and a P/E ratio of 8.53. The company has a current ratio of 1.82, a quick ratio of 0.98 and a debt-to-equity ratio of 30.00.

Kinross Gold (TSE:K) (NYSE:KGC) last released its earnings results on Wednesday, February 10th. The company reported C$0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.29 by C$0.06. The business had revenue of C$1.56 billion for the quarter.

In related news, Senior Officer Paul Botond Stilicho Tomory sold 15,000 shares of Kinross Gold stock in a transaction dated Wednesday, March 31st. The stock was sold at an average price of C$8.38, for a total transaction of C$125,700.00. Following the transaction, the insider now directly owns 124,626 shares of the company’s stock, valued at C$1,044,365.88. Also, Director Jonathon Paul Rollinson sold 538,567 shares of Kinross Gold stock in a transaction dated Wednesday, February 17th. The stock was sold at an average price of C$8.80, for a total value of C$4,739,389.60. Following the transaction, the director now directly owns 2,341,151 shares in the company, valued at C$20,602,128.80. Insiders have sold 819,060 shares of company stock worth $7,060,196 over the last three months.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 18th. Stockholders of record on Wednesday, March 3rd were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Tuesday, March 2nd. Kinross Gold’s dividend payout ratio (DPR) is 5.66%.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in Canada, 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.

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

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