Kinross Gold FY2025 EPS Forecast Boosted by Stifel Canada

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities research analysts at Stifel Canada upped their FY2025 earnings per share estimates for Kinross Gold in a report issued on Monday, April 21st. Stifel Canada analyst R. Profiti now anticipates that the company will post earnings of $1.42 per share for the year, up from their prior estimate of $1.11. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Stifel Canada also issued estimates for Kinross Gold’s FY2026 earnings at $1.65 EPS.

A number of other equities analysts have also recently issued reports on K. National Bankshares lifted their target price on shares of Kinross Gold from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 2nd. Stifel Nicolaus lifted their target price on shares of Kinross Gold from C$19.50 to C$23.50 in a research note on Monday. BMO Capital Markets upgraded shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, April 16th. Finally, National Bank Financial raised Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. Four analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and an average target price of C$18.40.

Kinross Gold Trading Down 2.3 %

Shares of Kinross Gold stock opened at C$19.90 on Wednesday. Kinross Gold has a 52-week low of C$8.84 and a 52-week high of C$21.36. The company’s 50-day simple moving average is C$17.46 and its 200-day simple moving average is C$15.50. The firm has a market cap of C$17.30 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81.

Insider Buying and Selling at Kinross Gold

In other news, Director Jonathan Paul Rollinson sold 205,318 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$15.22, for a total value of C$3,124,939.96. Also, Senior Officer Claude J.S. Schimper sold 5,000 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$17.97, for a total transaction of C$89,850.00. Insiders sold a total of 349,670 shares of company stock worth $5,366,186 over the last 90 days. Insiders own 0.26% of the company’s stock.

Kinross Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.60%. Kinross Gold’s dividend payout ratio is currently 18.84%.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.