Research Analysts Set Expectations for Kinross Gold Co.’s FY2025 Earnings (TSE:K)

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Analysts at Raymond James boosted their FY2025 earnings per share (EPS) estimates for shares of Kinross Gold in a research note issued to investors on Tuesday, September 10th. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.69 for the year, up from their prior forecast of $0.68.

A number of other analysts also recently issued reports on the company. Canaccord Genuity Group lifted their price target on Kinross Gold from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. National Bankshares upped their price target on Kinross Gold from C$13.75 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Finally, Eight Capital increased their price target on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$14.50.

Kinross Gold Price Performance

Kinross Gold has a 1-year low of C$5.91 and a 1-year high of C$13.37. The company has a fifty day moving average price of C$12.09 and a 200 day moving average price of C$10.26. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The firm has a market capitalization of C$16.33 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. The business had revenue of C$1.67 billion for the quarter, compared to analysts’ expectations of C$1.39 billion.

Insider Activity at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total value of C$55,395.00. In related news, Senior Officer William D. Dunford sold 6,076 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total value of C$65,377.76. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. 0.27% of the stock is currently owned by company insiders.

Kinross Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a $0.041 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of ∞. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s dividend payout ratio is currently 29.63%.

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.