Kinross Gold FY2025 EPS Forecast Boosted by Zacks Research

Kinross Gold Co. (NYSE:KGCFree Report) (TSE:K) – Equities research analysts at Zacks Research upped their FY2025 earnings estimates for shares of Kinross Gold in a note issued to investors on Monday, May 26th. Zacks Research analyst A. Barman now expects that the mining company will earn $0.82 per share for the year, up from their previous forecast of $0.63. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share.

Kinross Gold (NYSE:KGCGet Free Report) (TSE:K) last released its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 38.5% compared to the same quarter last year.

A number of other analysts also recently commented on the company. Raymond James increased their price target on Kinross Gold from $12.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, April 4th. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. CIBC reaffirmed an “outperform” rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Wall Street Zen upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 18th. Finally, National Bankshares restated an “outperform” rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.50.

Check Out Our Latest Report on Kinross Gold

Kinross Gold Price Performance

Kinross Gold stock opened at $14.77 on Thursday. Kinross Gold has a 52 week low of $7.20 and a 52 week high of $15.96. The company’s 50 day moving average price is $13.96 and its two-hundred day moving average price is $11.73. The stock has a market cap of $18.17 billion, a P/E ratio of 19.18, a P/E/G ratio of 0.68 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after acquiring an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in 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 period. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold in the fourth quarter worth about $42,000. Global Retirement Partners LLC raised its position in shares of Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after purchasing an additional 4,788 shares during the period. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Kinross Gold in the first quarter valued at approximately $55,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, May 29th. Kinross Gold’s dividend payout ratio is currently 12.24%.

Kinross Gold Company Profile

(Get Free Report)

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.

Featured Articles

Earnings History and Estimates for Kinross Gold (NYSE:KGC)

Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.