FY2025 EPS Estimates for Kinross Gold Raised by Scotiabank

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

A number of other research analysts have also recently weighed in on the company. Jefferies Financial Group raised their price target on Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 4th. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $11.13.

Kinross Gold Price Performance

Kinross Gold stock opened at $10.45 on Monday. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The stock has a market cap of $12.84 billion, a P/E ratio of 17.13, a PEG ratio of 0.44 and a beta of 1.21. The company has a 50-day moving average price of $9.76 and a 200 day moving average price of $9.43. Kinross Gold has a 12-month low of $4.75 and a 12-month high of $10.82.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company posted $0.12 EPS. Kinross Gold’s quarterly revenue was up 29.9% compared to the same quarter last year.

Hedge Funds Weigh In On Kinross Gold

A number of large investors have recently made changes to their positions in KGC. Commonwealth Equity Services LLC increased its position in Kinross Gold by 12.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 90,542 shares of the mining company’s stock worth $753,000 after purchasing an additional 9,973 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Kinross Gold by 60.2% in the second quarter. Envestnet Asset Management Inc. now owns 265,650 shares of the mining company’s stock worth $2,210,000 after buying an additional 99,812 shares during the last quarter. WINTON GROUP Ltd increased its holdings in Kinross Gold by 95.3% in the second quarter. WINTON GROUP Ltd now owns 252,834 shares of the mining company’s stock worth $2,104,000 after buying an additional 123,353 shares during the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $72,867,000 after acquiring an additional 1,777,076 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Kinross Gold by 11.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 49,348 shares of the mining company’s stock valued at $410,000 after acquiring an additional 5,232 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.15%. Kinross Gold’s dividend payout ratio is 19.67%.

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.