FY2025 Earnings Forecast for Kinross Gold Co. Issued By Stifel Canada (NYSE:KGC)

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Research analysts at Stifel Canada lowered their FY2025 EPS estimates for shares of Kinross Gold in a research report issued to clients and investors on Wednesday, September 11th. Stifel Canada analyst I. Rico now expects that the mining company will earn $0.68 per share for the year, down from their previous estimate of $0.72. The consensus estimate for Kinross Gold’s current full-year earnings is $0.58 per share. Stifel Canada also issued estimates for Kinross Gold’s FY2026 earnings at $0.50 EPS.

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

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

Kinross Gold Price Performance

Kinross Gold stock opened at $9.83 on Friday. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 0.53 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 has a 1 year low of $4.32 and a 1 year high of $10.10. The firm has a 50-day moving average of $8.92 and a two-hundred day moving average of $7.58.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were given a dividend of $0.03 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 1.22%. Kinross Gold’s payout ratio is 33.33%.

Institutional Investors Weigh In On Kinross Gold

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Kinross Gold during the 4th quarter valued at approximately $265,327,000. Van ECK Associates Corp increased its stake in Kinross Gold by 9.5% during the 1st quarter. Van ECK Associates Corp now owns 150,960,083 shares of the mining company’s stock valued at $925,392,000 after purchasing an additional 13,099,791 shares in the last quarter. Artemis Investment Management LLP increased its stake in Kinross Gold by 321.5% during the 2nd quarter. Artemis Investment Management LLP now owns 6,695,496 shares of the mining company’s stock valued at $55,707,000 after purchasing an additional 5,107,120 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in Kinross Gold during the 1st quarter valued at approximately $23,907,000. Finally, CIBC Asset Management Inc increased its stake in Kinross Gold by 183.9% during the 4th quarter. CIBC Asset Management Inc now owns 4,445,008 shares of the mining company’s stock valued at $26,990,000 after purchasing an additional 2,879,269 shares in the last quarter. Hedge funds and other institutional investors 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.