Kinross Gold (NYSE:KGC) Issues Earnings Results

Kinross Gold (NYSE:KGC) (TSE:K) issued its quarterly earnings data on Tuesday. The mining company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04, Briefing.com reports. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business earned $0.07 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis.

Kinross Gold Stock Up 0.8 %

Shares of KGC stock opened at $7.59 on Friday. The company has a current ratio of 2.63, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36. Kinross Gold has a 12 month low of $4.32 and a 12 month high of $7.67. The stock has a market cap of $9.32 billion, a P/E ratio of 22.18, a P/E/G ratio of 2.09 and a beta of 1.14. The company has a 50 day simple moving average of $6.16 and a two-hundred day simple moving average of $5.75.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, May 30th. Kinross Gold’s payout ratio is 35.29%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Kinross Gold from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. TheStreet cut shares of Kinross Gold from a “b” rating to a “c+” rating in a report on Friday, February 16th. StockNews.com raised shares of Kinross Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. CIBC lifted their price target on shares of Kinross Gold from $7.00 to $8.15 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, Scotiabank upped their price target on Kinross Gold from $7.00 to $8.00 and gave the stock a “sector outperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.69.

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.