Raymond James Reduces Earnings Estimates for Kinross Gold

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Investment analysts at Raymond James lowered their FY2025 earnings estimates for Kinross Gold in a research note issued on Monday, February 3rd. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.63 for the year, down from their prior estimate of $0.85. The consensus estimate for Kinross Gold’s current full-year earnings is $0.72 per share.

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

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

Kinross Gold Stock Up 0.3 %

KGC stock opened at $11.92 on Thursday. The company has a 50 day moving average price of $10.11 and a two-hundred day moving average price of $9.69. Kinross Gold has a one year low of $4.75 and a one year high of $12.02. The stock has a market capitalization of $14.65 billion, a P/E ratio of 19.53, a PEG ratio of 0.61 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC grew its position in shares of Kinross Gold by 8.7% during the third quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock worth $115,000 after buying an additional 981 shares in the last quarter. Schechter Investment Advisors LLC lifted its holdings in shares of Kinross Gold by 2.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock valued at $367,000 after buying an additional 1,080 shares during the period. Atomi Financial Group Inc. increased its holdings in shares of Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock valued at $219,000 after buying an additional 1,106 shares in the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Kinross Gold by 2.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock valued at $447,000 after purchasing an additional 1,235 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after purchasing an additional 1,412 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.