Kinross Gold (KGC)
(Real Time Quote from BATS)
$9.78 USD
-0.04 (-0.41%)
Updated Oct 14, 2024 01:08 PM ET
3-Hold of 5 3
A Value B Growth B Momentum A VGM
Company Summary
Based in Ontario, Canada, Kinross Gold Corporation is involved in the exploration and operation of gold mines. It ranks among the top 10 gold mining companies in the world, with a 2023 production of around 2.1 million gold equivalent ounces. The company's operations are primarily located in - the Americas (roughly 71% of 2023 production). It holds major assets in Canada and the United States. It is mainly involved in the exploration and operation of gold mines. Kinross also produces and sells silver.
The company has facilities in the United States, Canada, Brazil, Chile, and ...
Company Summary
Based in Ontario, Canada, Kinross Gold Corporation is involved in the exploration and operation of gold mines. It ranks among the top 10 gold mining companies in the world, with a 2023 production of around 2.1 million gold equivalent ounces. The company's operations are primarily located in - the Americas (roughly 71% of 2023 production). It holds major assets in Canada and the United States. It is mainly involved in the exploration and operation of gold mines. Kinross also produces and sells silver.
The company has facilities in the United States, Canada, Brazil, Chile, and caters to a diverse clientele in Brazil, Chile, Canada, and Greece. It runs several mines, including Fort Knox, Round Mountain and Bald Mountain in the United States; La Coipa in Chile; Tasiast in Mauritania; and Paracatu in Brazil. The company’s development projects include Manh Choh in the United States, and Great Bear in Canada.
The company’s strategy is to boost shareholders’ value by increasing net asset value, precious metal reserves, long-term cash flow production and earnings per share.
In February 2018, Kinross’ fully-owned subsidiary — Kinross Brasil Mineracao — announced the acquisition of two hydroelectric power plants located in Brazil from a subsidiary of Gerdau SA for $257 million. The two plants — Barra dos Coqueiros and Cacu — are expected to secure a long-term power supply for Kinross’ Paracatu mine, which will lower production costs over the life of mine. In July 2018, the transaction was completed successfully.
The deal considerably de-risks supply chain as it is expected to secure just about 70% of Paracatu’s anticipated power requirements at a low, fixed cost, while the remaining 30% power demand is expected to be fulfilled by third-party suppliers under fixed-term power purchase agreements. This will lower market exposure for a key input in an environment where Kinross expects input costs to rise. Moreover, strategic investment in core asset will further enhance and strengthen Paracatu, which is a cornerstone asset in the company’s portfolio.
General Information
Kinross Gold Corporation
25 YORK STREET 17TH FLOOR
TORONTO, A6 M5J 2V5
Phone: 416-365-5123
Fax: 416-363-6622
Email: investorrelations@kinross.com
| Industry | Mining - Gold |
| Sector | Basic Materials |
| Fiscal Year End | December |
| Last Reported Quarter | 9/30/2024 |
| Earnings Date | 11/5/2024 |
EPS Information
| Current Quarter EPS Consensus Estimate | 0.16 |
| Current Year EPS Consensus Estimate | 0.61 |
| Estimated Long-Term EPS Growth Rate | 29.70 |
| Earnings Date | 11/5/2024 |
Price and Volume Information
| Zacks Rank |  |
| Yesterday's Close | 9.82 |
| 52 Week High | 10.10 |
| 52 Week Low | 4.75 |
| Beta | 1.24 |
| 20 Day Moving Average | 16,883,402.00 |
| Target Price Consensus | 10.91 |
| 4 Week | -0.20 |
| 12 Week | 11.34 |
| YTD | 62.31 |
| 4 Week | -3.45 |
| 12 Week | 5.40 |
| YTD | 33.14 |
| Shares Outstanding (millions) | 1,229.05 |
| Market Capitalization (millions) | 12,069.25 |
| Short Ratio | 1.00 |
| Last Split Date | 2/3/2003 |
| Dividend Yield | 1.22% |
| Annual Dividend | $0.12 |
| Payout Ratio | 0.25 |
| Change in Payout Ratio | 0.01 |
| Last Dividend Payout / Amount | 8/22/2024 / $0.03 |
Fundamental Ratios
| P/E (F1) | 16.01 |
| Trailing 12 Months | 20.89 |
| PEG Ratio | 0.54 |
| vs. Previous Year | 0.00% |
| vs. Previous Quarter | 40.00% |
| vs. Previous Year | 11.65% |
| vs. Previous Quarter | 12.76% |
| Price/Book | 1.87 |
| Price/Cash Flow | 7.90 |
| Price / Sales | 2.67 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 9.32 |
| 3/31/24 | 9.34 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 5.52 |
| 3/31/24 | 5.47 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 1.27 |
| 3/31/24 | 1.15 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 0.52 |
| 3/31/24 | 0.45 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 12.93 |
| 3/31/24 | 13.14 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 10.91 |
| 3/31/24 | 9.86 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 18.32 |
| 3/31/24 | 17.17 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 5.25 |
| 3/31/24 | 5.10 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 2.83 |
| 3/31/24 | 2.72 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 0.19 |
| 3/31/24 | 0.20 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 16.07 |
| 3/31/24 | 16.45 |