National Bank Financial Comments on Kinross Gold Q1 Earnings

Kinross Gold Co. (NYSE:KGC) (TSE:K) – National Bank Financial issued their Q1 2025 earnings per share estimates for Kinross Gold in a research report issued on Tuesday, April 22nd. National Bank Financial analyst S. Nagle expects that the mining company will post earnings per share of $0.25 for the quarter. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share. National Bank Financial also issued estimates for Kinross Gold’s FY2025 earnings at $1.12 EPS.

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 net margin of 18.43% and a return on equity of 12.65%.

Several other analysts also recently weighed in on the company. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 18th. BMO Capital Markets started coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They set an “outperform” rating on the stock. CIBC upped their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Raymond James lifted 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. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $13.30.

Kinross Gold Stock Performance

Shares of NYSE KGC opened at $14.67 on Thursday. Kinross Gold has a 12-month low of $6.42 and a 12-month high of $15.46. The company has a market cap of $18.05 billion, a PE ratio of 19.05, a P/E/G ratio of 0.68 and a beta of 1.12. The stock has a 50 day simple moving average of $12.36 and a 200-day simple moving average of $10.96. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.82%. Kinross Gold’s dividend payout ratio (DPR) is presently 15.58%.

Hedge Funds Weigh In On Kinross Gold

A number of hedge funds have recently modified their holdings of KGC. Van ECK Associates Corp boosted its position in shares of Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock valued at $1,078,330,000 after purchasing an additional 44,610,091 shares during the period. Norges Bank purchased a new stake in shares of Kinross Gold in the 4th quarter valued at approximately $280,697,000. Man Group plc boosted its stake in Kinross Gold by 174.2% in the 4th quarter. Man Group plc now owns 9,243,267 shares of the mining company’s stock worth $85,685,000 after purchasing an additional 5,871,904 shares during the period. First Eagle Investment Management LLC grew its position in Kinross Gold by 80.9% during the 4th quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company’s stock worth $116,898,000 after purchasing an additional 5,639,383 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in Kinross Gold by 365.8% during the 1st quarter. Artemis Investment Management LLP now owns 6,876,921 shares of the mining company’s stock valued at $86,718,000 after purchasing an additional 5,400,447 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.