Kinross Gold Co. (NYSE:KGC) (TSE:K) – Equities research analysts at Raymond James decreased their FY2021 EPS estimates for shares of Kinross Gold in a research note issued on Monday, April 5th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.55 per share for the year, down from their previous forecast of $0.75. Raymond James has a “Outperform” rating and a $10.50 price target on the stock. Raymond James also issued estimates for Kinross Gold’s FY2022 earnings at $0.84 EPS.
Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. began coverage on Kinross Gold in a research note on Wednesday, February 10th. They issued a “focus list” rating for the company. Stifel Nicolaus reduced their price objective on Kinross Gold from $14.75 to $14.50 and set a “buy” rating for the company in a research note on Monday, February 8th. Barclays upped their price objective on Kinross Gold from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Thursday, February 11th. National Bank Financial restated an “outperform” rating on shares of Kinross Gold in a research note on Monday, January 11th. Finally, TD Securities dropped their target price on shares of Kinross Gold from $14.00 to $13.50 and set a “buy” rating for the company in a report on Friday, February 12th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $11.57.
Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Tuesday, February 9th. The mining company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. Kinross Gold had a return on equity of 14.20% and a net margin of 26.92%. Kinross Gold’s revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 18th. Investors of record on Wednesday, March 3rd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Tuesday, March 2nd. Kinross Gold’s dividend payout ratio is currently 35.29%.
A number of institutional investors have recently modified their holdings of the stock. Fulton Bank N.A. boosted its holdings in Kinross Gold by 76.5% in the 1st quarter. Fulton Bank N.A. now owns 22,741 shares of the mining company’s stock worth $151,000 after buying an additional 9,856 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Kinross Gold by 13.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 355,156 shares of the mining company’s stock valued at $2,625,000 after purchasing an additional 42,396 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Kinross Gold by 8.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 6,241,152 shares of the mining company’s stock valued at $45,812,000 after purchasing an additional 493,661 shares during the last quarter. Mufg Securities Canada LTD. bought a new position in shares of Kinross Gold during the 4th quarter valued at about $4,911,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Kinross Gold by 31.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,351,100 shares of the mining company’s stock valued at $9,917,000 after purchasing an additional 320,436 shares during the last quarter. 51.64% of the stock is owned by institutional investors.
Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.
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