FY2025 EPS Estimates for Kinross Gold Boosted by Analyst

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Analysts at National Bank Financial increased their FY2025 earnings estimates for Kinross Gold in a report issued on Tuesday, July 15th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings of $1.44 per share for the year, up from their previous forecast of $1.14. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share. National Bank Financial also issued estimates for Kinross Gold’s FY2026 earnings at $1.77 EPS.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets initiated coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They set an “outperform” rating on the stock. Wall Street Zen upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Friday, April 18th. CIBC upped their price objective on shares of Kinross Gold from $16.00 to $21.00 and gave the company an “outperformer” rating in a report on Tuesday. Jefferies Financial Group upgraded shares of Kinross Gold from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $18.00 in a report on Thursday, June 26th. Finally, Raymond James Financial upgraded shares of Kinross Gold to a “hold” rating and set a $15.00 price objective on the stock in a report on Monday, June 30th. Two investment analysts have rated the stock with a hold rating, four 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 currently has an average rating of “Buy” and a consensus price target of $18.00.

Kinross Gold Price Performance

KGC stock opened at $15.29 on Friday. The company’s fifty day simple moving average is $15.11 and its 200 day simple moving average is $13.13. Kinross Gold has a 12-month low of $7.84 and a 12-month high of $16.10. The firm has a market cap of $18.76 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 0.60 and a beta of 0.63. The company has a quick ratio of 1.22, a current ratio of 2.83 and a debt-to-equity ratio of 0.17.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. Kinross Gold’s revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were paid a $0.03 dividend. The ex-dividend date was Thursday, May 29th. This represents a $0.12 annualized dividend and a yield of 0.78%. Kinross Gold’s dividend payout ratio (DPR) is 12.24%.

Institutional Investors Weigh In On Kinross Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in KGC. Norges Bank purchased a new stake in Kinross Gold in the 4th quarter valued at about $280,697,000. Boston Partners increased its stake in Kinross Gold by 36.5% in the 1st quarter. Boston Partners now owns 47,526,913 shares of the mining company’s stock valued at $632,797,000 after buying an additional 12,705,061 shares during the last quarter. Man Group plc increased its stake in Kinross Gold by 174.2% in the 4th quarter. Man Group plc now owns 9,243,267 shares of the mining company’s stock valued at $85,685,000 after buying an additional 5,871,904 shares during the last quarter. Artemis Investment Management LLP increased its stake in Kinross Gold by 365.8% in the 1st quarter. Artemis Investment Management LLP now owns 6,876,921 shares of the mining company’s stock valued at $86,718,000 after buying an additional 5,400,447 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Kinross Gold by 95.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,949,976 shares of the mining company’s stock valued at $87,639,000 after acquiring an additional 3,398,687 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.