FY2025 EPS Estimates for Kinross Gold Cut by Raymond James

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Analysts at Raymond James decreased their FY2025 earnings per share estimates for Kinross Gold in a research report issued on Monday, February 3rd. Raymond James analyst F. Hamed now expects that the company will post earnings of $0.91 per share for the year, down from their previous forecast of $1.18. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.33 EPS for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.08. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. During the same period in the previous year, the company posted $0.16 earnings per share.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares upped their price target on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and an average price target of C$16.70.

Kinross Gold Stock Up 0.2 %

Shares of K opened at C$17.05 on Thursday. Kinross Gold has a 52-week low of C$6.46 and a 52-week high of C$17.17. The company has a market cap of C$20.97 billion, a PE ratio of 31.57, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The business has a fifty day moving average of C$14.57 and a 200 day moving average of C$13.54.

Insider Activity at Kinross Gold

In other news, Director Jonathan Paul Rollinson sold 1,300,000 shares of Kinross Gold stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$14.00, for a total transaction of C$18,200,000.00. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total transaction of C$99,067.02. In the last 90 days, insiders have sold 1,608,122 shares of company stock worth $22,536,883. 0.26% of the stock is currently owned by company insiders.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.