Stifel Canada Weighs in on Kinross Gold FY2028 Earnings

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Stock analysts at Stifel Canada issued their FY2028 earnings per share estimates for shares of Kinross Gold in a research note issued on Wednesday, March 19th. Stifel Canada analyst R. Profiti forecasts that the mining company will earn $0.19 per share for the year. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share.

Several other research analysts have also recently weighed in on the company. CIBC increased 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. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kinross Gold has a consensus rating of “Buy” and an average price target of $11.63.

Kinross Gold Stock Up 0.9 %

KGC stock opened at $12.32 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.68 and a beta of 1.29. The business’s fifty day moving average price is $11.17 and its two-hundred day moving average price is $10.23. Kinross Gold has a fifty-two week low of $5.64 and a fifty-two week high of $12.39.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly 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 net margin of 18.43% and a return on equity of 12.65%.

Institutional Trading of Kinross Gold

Several large investors have recently modified their holdings of the stock. PKO Investment Management Joint Stock Co acquired a new stake in shares of Kinross Gold during the 4th quarter worth $5,398,000. Comprehensive Money Management Services LLC acquired a new stake in shares of Kinross Gold during the 4th quarter worth $312,000. Polar Asset Management Partners Inc. grew its holdings in shares of Kinross Gold by 93.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 185,313 shares of the mining company’s stock worth $1,718,000 after purchasing an additional 89,313 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Kinross Gold by 21.2% during the 4th quarter. Mackenzie Financial Corp now owns 13,951,818 shares of the mining company’s stock worth $129,435,000 after purchasing an additional 2,438,445 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of Kinross Gold during the 4th quarter worth $758,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is currently 15.58%.

Kinross Gold Company Profile

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.