What is Cormark’s Forecast for Kinross Gold FY2025 Earnings?

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities researchers at Cormark dropped their FY2025 earnings per share (EPS) estimates for Kinross Gold in a research report issued on Tuesday, February 18th. Cormark analyst R. Gray now expects that the company will post earnings of $1.02 per share for the year, down from their previous forecast of $1.25. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Separately, National Bankshares increased their target price on Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$17.10.

Kinross Gold Price Performance

Kinross Gold stock opened at C$15.62 on Thursday. The stock has a market cap of C$13.58 billion, a price-to-earnings ratio of 18.39, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a 52 week low of C$6.46 and a 52 week high of C$17.63. The business has a 50-day simple moving average of C$15.11 and a 200 day simple moving average of C$13.86. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81.

Kinross Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.77%. Kinross Gold’s dividend payout ratio is currently 18.84%.

Insider Transactions at Kinross Gold

In related news, Director George Nickolas Paspalas acquired 5,000 shares of Kinross Gold stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of C$13.79 per share, with a total value of C$68,950.00. Also, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$14.22, for a total value of C$1,421,710.00. Corporate insiders own 0.26% of the company’s stock.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.