FY2025 EPS Estimates for Kinross Gold Boosted by Analyst

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Stock analysts at National Bank Financial raised their FY2025 EPS estimates for Kinross Gold in a research note issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now forecasts that the mining company will earn $1.62 per share for the year, up from their prior forecast of $1.56. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, July 30th. The mining company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.33 by $0.11. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.52 billion. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. During the same quarter last year, the firm posted $0.14 earnings per share. The business’s revenue for the quarter was up 41.7% compared to the same quarter last year.

A number of other analysts have also weighed in on the company. Jefferies Financial Group raised Kinross Gold from a “hold” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $18.00 in a research report on Thursday, June 26th. Wall Street Zen cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 20th. CIBC upped their price target on Kinross Gold from $21.00 to $22.00 and gave the stock an “outperformer” rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on Kinross Gold from $14.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. Finally, UBS Group boosted their price objective on Kinross Gold from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.07.

Kinross Gold Price Performance

Kinross Gold stock opened at $23.61 on Thursday. The company has a quick ratio of 1.45, a current ratio of 2.84 and a debt-to-equity ratio of 0.16. Kinross Gold has a 52-week low of $8.99 and a 52-week high of $24.91. The firm has a market cap of $28.62 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The company’s 50 day moving average is $19.85 and its two-hundred day moving average is $16.19.

Institutional Investors Weigh In On Kinross Gold

Institutional investors have recently added to or reduced their stakes in the business. Transce3nd LLC increased its stake in Kinross Gold by 128.2% in the second quarter. Transce3nd LLC now owns 2,914 shares of the mining company’s stock valued at $46,000 after purchasing an additional 1,637 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Kinross Gold in the 1st quarter valued at $55,000. Farther Finance Advisors LLC grew its position in shares of Kinross Gold by 188.6% in the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company’s stock valued at $71,000 after buying an additional 3,659 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Kinross Gold in the 1st quarter valued at $77,000. Finally, MAI Capital Management raised its stake in Kinross Gold by 22.0% during the 2nd quarter. MAI Capital Management now owns 5,022 shares of the mining company’s stock worth $78,000 after acquiring an additional 907 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 21st. Kinross Gold’s dividend payout ratio (DPR) is 9.68%.

About Kinross Gold

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.