What is Cormark’s Forecast for Kinross Gold FY2025 Earnings?

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for Kinross Gold in a research report issued on Tuesday, February 18th. Cormark analyst R. Gray now expects that the company will post earnings per share of $1.02 for the year, down from their prior forecast of $1.25. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Separately, National Bankshares raised their price target on Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$17.10.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at C$16.37 on Thursday. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$17.63. The stock’s fifty day moving average price is C$15.07 and its 200-day moving average price is C$13.84. The firm has a market cap of C$14.23 billion, a P/E ratio of 19.27, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81.

Insider Activity at Kinross Gold

In related news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of Kinross Gold stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$14.22, for a total transaction of C$1,421,710.00. Also, Director George Vincent Albino purchased 5,000 shares of Kinross Gold stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of C$16.07 per share, with a total value of C$80,369.87. 0.26% of the stock is owned by company insiders.

Kinross Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.73%. Kinross Gold’s dividend payout ratio is currently 18.84%.

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.