FY2025 EPS Forecast for Kinross Gold Increased by Analyst

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Analysts at Scotiabank upped their FY2025 earnings per share (EPS) estimates for Kinross Gold in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the mining company will post earnings of $0.80 per share for the year, up from their previous forecast of $0.56. The consensus estimate for Kinross Gold’s current full-year earnings is $0.70 per share.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The business’s revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share.

KGC has been the subject of several other reports. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. Jefferies Financial Group upped their price target on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $11.13.

Kinross Gold Trading Up 5.2 %

KGC opened at $10.58 on Monday. Kinross Gold has a fifty-two week low of $4.75 and a fifty-two week high of $10.82. The firm has a market capitalization of $13.00 billion, a PE ratio of 17.34, a P/E/G ratio of 0.44 and a beta of 1.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The company’s 50-day moving average is $9.78 and its 200 day moving average is $9.45.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold’s dividend payout ratio is presently 19.67%.

Institutional Trading of Kinross Gold

A number of hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its position in shares of Kinross Gold by 634.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company’s stock valued at $36,971,000 after purchasing an additional 3,405,478 shares during the last quarter. Artemis Investment Management LLP increased its holdings in Kinross Gold by 28.0% during the third quarter. Artemis Investment Management LLP now owns 8,567,435 shares of the mining company’s stock worth $80,191,000 after buying an additional 1,871,939 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Kinross Gold by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company’s stock worth $72,867,000 after buying an additional 1,777,076 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Kinross Gold in the third quarter valued at about $14,193,000. Finally, Toronto Dominion Bank grew its position in shares of Kinross Gold by 115.7% during the 3rd quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock valued at $19,455,000 after acquiring an additional 1,114,801 shares during the period. 63.69% of the stock is currently 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 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.