Kinross Gold (NYSE:KGC) Issues Earnings Results, Beats Estimates By $0.04 EPS

Kinross Gold (NYSE:KGC) (TSE:K) issued its earnings results on Tuesday. The mining company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis.

Kinross Gold Trading Up 5.0 %

Shares of Kinross Gold stock traded up $0.34 on Wednesday, hitting $7.11. 17,553,109 shares of the company’s stock traded hands, compared to its average volume of 14,566,688. Kinross Gold has a one year low of $4.32 and a one year high of $7.20. The firm’s 50-day moving average price is $6.06 and its two-hundred day moving average price is $5.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.63 and a quick ratio of 0.95. The stock has a market capitalization of $8.73 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.09 and a beta of 1.14.

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 paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Tuesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

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