Cormark Issues Pessimistic Outlook for Kinross Gold Earnings

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Research analysts at Cormark reduced their FY2025 earnings per share (EPS) estimates for Kinross Gold in a report released on Tuesday, February 18th. Cormark analyst R. Gray now forecasts that the mining company will earn $0.72 per share for the year, down from their previous estimate of $0.90. The consensus estimate for Kinross Gold’s current full-year earnings is $0.83 per share.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%.

Several other research firms have also recently weighed in on KGC. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. CIBC upped their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Stock Up 1.7 %

KGC stock opened at $11.54 on Thursday. The business has a 50-day simple moving average of $10.46 and a 200 day simple moving average of $9.89. The company has a market cap of $14.18 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 0.65 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. Kinross Gold has a 52 week low of $4.75 and a 52 week high of $12.28.

Institutional Investors Weigh In On Kinross Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of KGC. Jones Financial Companies Lllp grew its position in shares of Kinross Gold by 109.3% in the 4th 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 during the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings in Kinross Gold by 30.4% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock valued at $40,000 after acquiring an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Kinross Gold during the 4th quarter valued at approximately $42,000. Global Retirement Partners LLC raised its holdings in Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares during the period. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s payout ratio is 15.58%.

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.