Kinross Gold (KGC) to Release Earnings on Tuesday

Kinross Gold (NYSE:KGC) (TSE:K) is set to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Thursday, February 15th. The mining company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.04 billion. Kinross Gold had a return on equity of 8.85% and a net margin of 9.82%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 earnings per share. 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 %

Shares of NYSE KGC opened at $6.59 on Monday. The stock has a market cap of $8.09 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.04 and a beta of 1.14. Kinross Gold has a 52-week low of $4.32 and a 52-week high of $6.87. The business 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were issued a $0.03 dividend. 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 35.29%.

Wall Street Analyst Weigh In

KGC has been the topic of several research reports. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. StockNews.com upgraded Kinross Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. CIBC upped 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. TheStreet lowered shares of Kinross Gold from a “b” rating to a “c+” rating in a research report on Friday, February 16th. Finally, Jefferies Financial Group upped their price objective on shares of Kinross Gold from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.44.

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, 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.