FY2027 EPS Forecast for Kinross Gold Decreased by Analyst

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Analysts at Scotiabank decreased their FY2027 earnings per share (EPS) estimates for Kinross Gold in a research report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will earn $2.65 per share for the year, down from their previous estimate of $2.79. Scotiabank has a “Sector Outperform” rating and a $41.00 price target on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $2.65 per share.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.The firm’s quarterly revenue was up 60.8% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS.

Several other equities research analysts have also recently issued reports on the stock. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 1st. Freedom Capital raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Jefferies Financial Group cut their price target on shares of Kinross Gold from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Zacks Research lowered shares of Kinross Gold from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Wall Street Zen lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kinross Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.31.

Kinross Gold Trading Down 1.3%

NYSE KGC opened at $22.61 on Friday. Kinross Gold has a 12 month low of $15.29 and a 12 month high of $39.11. The company has a 50-day moving average of $26.47 and a 200-day moving average of $30.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.84 and a quick ratio of 1.83. The company has a market cap of $26.82 billion, a P/E ratio of 9.58, a P/E/G ratio of 0.59 and a beta of 0.78.

Institutional Trading of Kinross Gold

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in Kinross Gold by 35.1% in the first quarter. AQR Capital Management LLC now owns 70,370 shares of the mining company’s stock valued at $887,000 after buying an additional 18,287 shares during the period. Caxton Associates LLP purchased a new stake in Kinross Gold during the first quarter worth approximately $158,000. Sivia Capital Partners LLC acquired a new stake in shares of Kinross Gold in the second quarter worth $167,000. M&T Bank Corp increased its position in shares of Kinross Gold by 9.0% in the second quarter. M&T Bank Corp now owns 16,153 shares of the mining company’s stock worth $252,000 after acquiring an additional 1,328 shares in the last quarter. Finally, AXA S.A. purchased a new position in shares of Kinross Gold in the 2nd quarter valued at $2,483,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 21st. Kinross Gold’s payout ratio is currently 6.78%.

Kinross Gold Company Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.