Q4 EPS Estimates for Kinross Gold Lowered by Stifel Canada

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Equities research analysts at Stifel Canada dropped their Q4 2024 earnings per share (EPS) estimates for Kinross Gold in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the mining company will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.23. The consensus estimate for Kinross Gold’s current full-year earnings is $0.72 per share. Stifel Canada also issued estimates for Kinross Gold’s FY2025 earnings at $0.79 EPS and FY2026 earnings at $0.80 EPS.

Separately, StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. 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 company. Based on data from MarketBeat.com, Kinross Gold has an average rating of “Buy” and an average price target of $11.13.

Kinross Gold Stock Up 0.3 %

NYSE:KGC opened at $11.92 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. Kinross Gold has a 52-week low of $4.75 and a 52-week high of $12.02. The company has a market cap of $14.65 billion, a PE ratio of 19.53, a PEG ratio of 0.61 and a beta of 1.24. The stock has a 50-day simple moving average of $10.11 and a 200 day simple moving average of $9.69.

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

Hedge Funds Weigh In On Kinross Gold

Institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its position in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after buying an additional 1,412 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Kinross Gold during the 4th quarter worth $42,000. Global Retirement Partners LLC boosted its stake in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after buying an additional 4,788 shares in the last quarter. Avior Wealth Management LLC grew its position in Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after acquiring an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. acquired a new position in Kinross Gold during the fourth quarter worth about $92,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.