Brokers Offer Predictions for Kinross Gold Q4 Earnings

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Investment analysts at National Bank Financial issued their Q4 2024 earnings estimates for shares of Kinross Gold in a report issued on Monday, February 10th. National Bank Financial analyst M. Parkin forecasts that the mining company will earn $0.25 per share for the quarter. The consensus estimate for Kinross Gold’s current full-year earnings is $0.73 per share. National Bank Financial also issued estimates for Kinross Gold’s FY2025 earnings at $1.08 EPS.

Separately, StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and a consensus target price of $11.13.

Kinross Gold Price Performance

Shares of KGC opened at $12.17 on Wednesday. The stock has a market capitalization of $14.96 billion, a P/E ratio of 19.95, a P/E/G ratio of 0.67 and a beta of 1.24. Kinross Gold has a twelve month low of $4.75 and a twelve month high of $12.28. The company has a 50 day moving average of $10.29 and a 200-day moving average of $9.79. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in 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 acquiring an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after purchasing an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Kinross Gold during the fourth quarter worth about $42,000. Global Retirement Partners LLC grew its holdings in shares of Kinross Gold by 747.0% during the fourth 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 grew its holdings in shares of Kinross Gold by 246.3% during the fourth 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 last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.