FY2025 EPS Estimates for Kinross Gold Boosted by Analyst

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Research analysts at Stifel Canada upped their FY2025 earnings estimates for Kinross Gold in a report released on Monday, April 21st. Stifel Canada analyst R. Profiti now forecasts that the mining company will earn $1.02 per share for the year, up from their prior estimate of $0.80. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share. Stifel Canada also issued estimates for Kinross Gold’s FY2026 earnings at $1.19 EPS.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%.

Several other analysts have also issued reports on KGC. CIBC lifted their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. Raymond James raised their target price on Kinross Gold from $12.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, April 4th. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 18th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Kinross Gold in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $13.30.

Kinross Gold Trading Down 1.4 %

Shares of NYSE:KGC opened at $14.72 on Wednesday. The firm has a market capitalization of $18.11 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. The business’s 50 day moving average price is $12.23 and its 200-day moving average price is $10.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold has a 1 year low of $6.34 and a 1 year high of $15.46.

Institutional Investors Weigh In On Kinross Gold

A number of hedge funds have recently modified their holdings of KGC. Van ECK Associates Corp boosted its holdings in Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock valued at $1,078,330,000 after purchasing an additional 44,610,091 shares during the last quarter. Norges Bank acquired a new position in Kinross Gold in the fourth quarter valued at approximately $280,697,000. Man Group plc grew its position in Kinross Gold by 174.2% in the fourth quarter. Man Group plc now owns 9,243,267 shares of the mining company’s stock worth $85,685,000 after acquiring an additional 5,871,904 shares during the period. First Eagle Investment Management LLC grew its position in Kinross Gold by 80.9% in the fourth quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company’s stock worth $116,898,000 after acquiring an additional 5,639,383 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Kinross Gold by 10.9% during the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company’s stock worth $304,633,000 after acquiring an additional 3,224,455 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.82%. Kinross Gold’s dividend payout ratio is presently 15.58%.

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.