FY2025 EPS Estimates for Kinross Gold Raised by Scotiabank

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Scotiabank increased their FY2025 earnings estimates for shares of Kinross Gold in a note issued to investors on Tuesday, October 28th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $1.69 for the year, up from their previous estimate of $1.46. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group upped their price objective on Kinross Gold from $28.00 to $29.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. UBS Group boosted their target price on shares of Kinross Gold from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Zacks Research upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Weiss Ratings reissued a “buy (a-)” rating on shares of Kinross Gold in a research report on Wednesday, October 8th. Finally, CIBC boosted their price target on Kinross Gold from $22.00 to $36.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $27.56.

Kinross Gold Price Performance

NYSE:KGC opened at $23.81 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.45 and a current ratio of 2.84. The stock’s 50-day simple moving average is $23.40 and its 200 day simple moving average is $18.36. The company has a market cap of $28.80 billion, a P/E ratio of 19.20, a P/E/G ratio of 0.42 and a beta of 0.64. Kinross Gold has a 52-week low of $8.99 and a 52-week high of $27.84.

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

Hedge Funds Weigh In On Kinross Gold

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in Kinross Gold by 95.7% during the first quarter. Goldman Sachs Group Inc. now owns 6,949,976 shares of the mining company’s stock worth $87,639,000 after acquiring an additional 3,398,687 shares during the period. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Kinross Gold by 21.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 322,862 shares of the mining company’s stock worth $4,076,000 after purchasing an additional 57,966 shares during the period. Sprott Inc. increased its holdings in shares of Kinross Gold by 1.7% during the first quarter. Sprott Inc. now owns 2,932,567 shares of the mining company’s stock worth $36,976,000 after purchasing an additional 48,905 shares during the period. Bayforest Capital Ltd increased its holdings in shares of Kinross Gold by 30.2% during the second quarter. Bayforest Capital Ltd now owns 55,218 shares of the mining company’s stock worth $863,000 after purchasing an additional 12,821 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Kinross Gold by 35.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 159,678 shares of the mining company’s stock worth $2,014,000 after purchasing an additional 41,481 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.