Zacks Research Raises Earnings Estimates for Kinross Gold

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Zacks Research lifted their FY2025 earnings per share (EPS) estimates for Kinross Gold in a research report issued on Tuesday, March 4th. Zacks Research analyst A. Barman now expects that the mining company will post earnings per share of $0.63 for the year, up from their prior forecast of $0.59. The consensus estimate for Kinross Gold's current full-year earnings is $0.81 per share.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings data 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%.

KGC has been the subject of several other reports. StockNews.com cut Kinross Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. CIBC lifted their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $11.63.

Remove Ads

Kinross Gold Stock Performance

NYSE:KGC traded up $0.02 during mid-day trading on Friday, hitting $11.16. 18,570,996 shares of the stock were exchanged, compared to its average volume of 22,894,652. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The firm's 50-day simple moving average is $10.84 and its 200 day simple moving average is $10.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. Kinross Gold has a fifty-two week low of $5.32 and a fifty-two week high of $12.28.

Hedge Funds Weigh In On Kinross Gold

Several hedge funds and other institutional investors have recently modified their holdings of the business. Comprehensive Money Management Services LLC bought a new position in shares of Kinross Gold in the 4th quarter valued at $312,000. Polar Asset Management Partners Inc. grew its position in 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 acquiring an additional 89,313 shares during the last quarter. Mackenzie Financial Corp grew its position in 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 acquiring an additional 2,438,445 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in Kinross Gold during the 4th quarter worth $758,000. Finally, Formidable Asset Management LLC bought a new stake in Kinross Gold during the 4th quarter worth $420,000. Institutional investors own 63.69% of the company's stock.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.08%. Kinross Gold's payout ratio is 15.58%.

About Kinross Gold

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.