Jefferies Financial Group Weighs in on Kinross Gold Co.’s FY2022 Earnings (TSE:K)

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Jefferies Financial Group lifted their FY2022 earnings per share estimates for shares of Kinross Gold in a research note issued to investors on Wednesday, September 22nd. Jefferies Financial Group analyst C. Lafemina now expects that the company will earn $1.77 per share for the year, up from their prior estimate of $1.75. Jefferies Financial Group also issued estimates for Kinross Gold’s FY2023 earnings at $1.54 EPS, FY2024 earnings at $1.29 EPS and FY2025 earnings at $0.93 EPS.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Wednesday, July 28th. The company reported C$0.15 EPS for the quarter, meeting analysts’ consensus estimates of C$0.15. The business had revenue of C$1.23 billion for the quarter, compared to analysts’ expectations of C$1.27 billion.

Several other analysts have also recently commented on the stock. Raymond James decreased their price objective on shares of Kinross Gold to C$11.00 and set an “outperform” rating for the company in a research note on Tuesday, August 17th. JPMorgan Chase & Co. boosted their price target on shares of Kinross Gold from C$12.00 to C$13.00 and gave the stock an “overweight” rating in a report on Tuesday, July 13th. National Bank Financial raised shares of Kinross Gold from a “sector perform overweight” rating to an “outperform overweight” rating and set a C$11.00 price target for the company in a report on Friday, July 30th. Cormark dropped their target price on shares of Kinross Gold from C$10.50 to C$9.00 and set a “buy” rating for the company in a report on Thursday, June 24th. Finally, Canaccord Genuity dropped their target price on shares of Kinross Gold from C$13.50 to C$12.50 and set a “buy” rating for the company in a report on Friday, July 30th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$11.28.

TSE:K opened at C$6.72 on Thursday. The company has a market cap of C$8.48 billion and a PE ratio of 5.17. Kinross Gold has a twelve month low of C$6.70 and a twelve month high of C$12.38. The company has a current ratio of 3.06, a quick ratio of 1.22 and a debt-to-equity ratio of 21.72. The company’s 50 day moving average is C$7.55 and its two-hundred day moving average is C$8.40.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 2nd. Shareholders of record on Thursday, August 19th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Wednesday, August 18th. Kinross Gold’s dividend payout ratio (DPR) is currently 9.22%.

In other news, Senior Officer Paul Botond Stilicho Tomory sold 23,000 shares of the business’s stock in a transaction dated Wednesday, August 4th. The stock was sold at an average price of C$8.14, for a total transaction of C$187,220.00. Following the completion of the sale, the insider now owns 101,626 shares in the company, valued at approximately C$827,235.64. Also, Senior Officer Michel Sylvestre sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of C$7.68, for a total value of C$99,840.00. Following the transaction, the insider now directly owns 48,363 shares in the company, valued at C$371,427.84.

About Kinross Gold

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.

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

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