Kinross Gold Co. (NYSE:KGC) to Post FY2025 Earnings of $0.51 Per Share, Raymond James Forecasts

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Raymond James boosted their FY2025 earnings per share estimates for Kinross Gold in a research note issued on Tuesday, September 10th. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.51 per share for the year, up from their prior forecast of $0.50. The consensus estimate for Kinross Gold’s current full-year earnings is $0.58 per share.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, July 31st. The mining company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Kinross Gold had a return on equity of 9.32% and a net margin of 10.91%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm posted $0.14 EPS. Kinross Gold’s quarterly revenue was up 11.6% compared to the same quarter last year.

KGC has been the topic of several other reports. Jefferies Financial Group increased their price objective on shares of Kinross Gold from $7.00 to $9.00 and gave the company a “hold” rating in a report on Friday, July 12th. BMO Capital Markets lifted their price objective on Kinross Gold from $10.00 to $11.50 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Scotiabank increased their target price on Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Finally, CIBC boosted their price target on Kinross Gold from $8.15 to $12.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Kinross Gold has a consensus rating of “Moderate Buy” and a consensus target price of $9.33.

Kinross Gold Trading Up 1.4 %

Shares of KGC stock opened at $9.15 on Thursday. The stock has a 50 day simple moving average of $8.86 and a 200-day simple moving average of $7.53. Kinross Gold has a 1-year low of $4.32 and a 1-year high of $9.58. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 0.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.27 and a quick ratio of 0.52.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 22nd. Kinross Gold’s dividend payout ratio (DPR) is presently 33.33%.

Hedge Funds Weigh In On Kinross Gold

Several large investors have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its position in shares of Kinross Gold by 9.5% during the first quarter. Van ECK Associates Corp now owns 150,960,083 shares of the mining company’s stock worth $925,392,000 after purchasing an additional 13,099,791 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Kinross Gold by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company’s stock worth $278,486,000 after buying an additional 497,531 shares in the last quarter. Norges Bank purchased a new position in Kinross Gold in the 4th quarter valued at approximately $265,327,000. Ruffer LLP increased its position in shares of Kinross Gold by 4.6% during the fourth quarter. Ruffer LLP now owns 19,968,341 shares of the mining company’s stock worth $120,908,000 after acquiring an additional 877,104 shares during the period. Finally, Boston Partners raised its stake in shares of Kinross Gold by 7.9% in the first quarter. Boston Partners now owns 18,226,824 shares of the mining company’s stock valued at $111,730,000 after acquiring an additional 1,328,372 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.