Stifel Canada Boosts Earnings Estimates for Kinross Gold

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Research analysts at Stifel Canada lifted their FY2025 EPS estimates for shares of Kinross Gold in a note issued to investors on Monday, April 21st. Stifel Canada analyst R. Profiti now anticipates that the mining company will earn $1.02 per share for the year, up from their previous forecast 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 released its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%.

Several other analysts have also commented on the stock. CIBC raised their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 18th. Scotiabank reaffirmed an “outperform” rating on shares of Kinross Gold in a research note on Monday, April 14th. BMO Capital Markets started coverage on Kinross Gold in a research note on Wednesday, April 16th. They issued an “outperform” rating on the stock. Finally, National Bank Financial raised Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $13.30.

Kinross Gold Stock Down 2.6 %

Shares of NYSE KGC opened at $14.34 on Wednesday. The firm has a fifty day simple moving average of $12.30 and a two-hundred day simple moving average of $10.92. Kinross Gold has a 12 month low of $6.42 and a 12 month high of $15.46. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $17.64 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.84%. Kinross Gold’s payout ratio is presently 15.58%.

Institutional Investors Weigh In On Kinross Gold

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MML Investors Services LLC bought a new stake in shares of Kinross Gold during the 3rd quarter valued at $201,000. Te Ahumairangi Investment Management Ltd raised its position in shares of Kinross Gold by 6.4% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 298,800 shares of the mining company’s stock valued at $2,786,000 after buying an additional 18,000 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Kinross Gold during the third quarter worth $248,000. Tidal Investments LLC increased its holdings in Kinross Gold by 354.9% in the 3rd quarter. Tidal Investments LLC now owns 48,068 shares of the mining company’s stock valued at $450,000 after acquiring an additional 37,502 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Kinross Gold by 0.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,080,957 shares of the mining company’s stock worth $10,804,000 after purchasing an additional 6,634 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.