Analysts Set Expectations for Kinross Gold FY2025 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for Kinross Gold in a research note issued to investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $2.24 per share for the year, up from their previous estimate of $2.14. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Several other equities analysts have also issued reports on the company. Raymond James Financial raised Kinross Gold to a “hold” rating in a research note on Monday, June 30th. UBS Group raised Kinross Gold to a “strong-buy” rating in a research note on Monday, August 4th. Finally, National Bankshares boosted their price target on Kinross Gold from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Four equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$26.25.

Kinross Gold Price Performance

Shares of K opened at C$32.94 on Thursday. Kinross Gold has a 52-week low of C$12.56 and a 52-week high of C$34.43. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The business’s 50 day moving average price is C$27.35 and its two-hundred day moving average price is C$22.40. The firm has a market cap of C$40.15 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of -0.60 and a beta of 0.67.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. Kinross Gold’s dividend payout ratio is 9.68%.

Insider Activity at Kinross Gold

In other news, insider Claude J.S. Schimper sold 2,131 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of C$27.86, for a total transaction of C$59,369.66. Following the completion of the sale, the insider owned 35,258 shares in the company, valued at C$982,287.88. The trade was a 5.70% decrease in their ownership of the stock. 0.26% of the stock is currently owned by corporate insiders.

About Kinross Gold

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.