Kinross Gold (KGC) Set to Announce Earnings on Tuesday

Kinross Gold (NYSE:KGC) (TSE:K) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Kinross Gold to post earnings of $0.05 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Thursday, February 15th. The mining company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $0.09 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. On average, analysts expect Kinross Gold to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kinross Gold Stock Up 0.6 %

KGC opened at $6.59 on Friday. The company has a market cap of $8.09 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.03 and a beta of 1.14. Kinross Gold has a twelve month low of $4.32 and a twelve month high of $6.87. The company has a 50-day moving average price of $5.98 and a 200 day moving average price of $5.71. The company has a quick ratio of 0.95, a current ratio of 2.63 and a debt-to-equity ratio of 0.36.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.82%. Kinross Gold’s payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KGC shares. CIBC lifted their price target on Kinross Gold from $7.00 to $8.15 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. Jefferies Financial Group raised their price target on shares of Kinross Gold from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. TheStreet cut shares of Kinross Gold from a “b” rating to a “c+” rating in a research note on Friday, February 16th. Finally, StockNews.com raised shares of Kinross Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $6.44.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.