Raymond James Financial Forecasts Kinross Gold Q3 Earnings

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Analysts at Raymond James Financial boosted their Q3 2025 EPS estimates for shares of Kinross Gold in a research report issued on Thursday, October 23rd. Raymond James Financial analyst J. Elliott now forecasts that the mining company will earn $0.38 per share for the quarter, up from their prior estimate of $0.37. Raymond James Financial has a “Market Perform” rating and a $25.00 price target on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share. Raymond James Financial also issued estimates for Kinross Gold’s FY2025 earnings at $1.56 EPS.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, July 30th. The mining company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. The business had revenue of $1.75 billion for 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%. Kinross Gold’s revenue was up 41.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS.

Several other equities research analysts have also recently weighed in on KGC. CIBC increased their price target on shares of Kinross Gold from $22.00 to $36.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. TD Securities lifted their price target on shares of Kinross Gold from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “buy (a-)” rating on shares of Kinross Gold in a research report on Wednesday, October 8th. Canaccord Genuity Group raised their price objective on shares of Kinross Gold from $28.00 to $29.50 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Scotiabank restated an “outperform” rating on shares of Kinross Gold in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $27.56.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $23.95 on Monday. Kinross Gold has a one year low of $8.99 and a one year high of $27.84. The firm has a market capitalization of $28.97 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 0.47 and a beta of 0.64. The company’s fifty day moving average price is $23.07 and its 200-day moving average price is $18.13. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.84 and a quick ratio of 1.45.

Hedge Funds Weigh In On Kinross Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisors LLC bought a new stake in shares of Kinross Gold in the 3rd quarter valued at approximately $222,000. Benjamin Edwards Inc. acquired a new position in shares of Kinross Gold in the 3rd quarter valued at $262,000. Spire Wealth Management lifted its stake in shares of Kinross Gold by 1,242.9% in the 3rd quarter. Spire Wealth Management now owns 4,700 shares of the mining company’s stock valued at $117,000 after purchasing an additional 4,350 shares during the period. Texas Bank & Trust Co bought a new position in shares of Kinross Gold during the third quarter worth approximately $848,000. Finally, RHS Financial LLC purchased a new stake in Kinross Gold in the third quarter worth about $227,000. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 21st. Kinross Gold’s payout ratio is currently 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.