National Bank Financial Forecasts Kinross Gold Q4 Earnings

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Equities researchers at National Bank Financial issued their Q4 2024 earnings estimates for Kinross Gold in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin expects that the mining company will post earnings per share of $0.25 for the quarter. The consensus estimate for Kinross Gold's current full-year earnings is $0.73 per share. National Bank Financial also issued estimates for Kinross Gold's FY2025 earnings at $1.08 EPS.

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 for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%.

Several other research analysts have also recently issued reports on the stock. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 9th. CIBC increased their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $11.63.

Kinross Gold Stock Performance

Shares of NYSE:KGC traded down $0.15 during trading hours on Wednesday, hitting $11.27. The stock had a trading volume of 22,320,648 shares, compared to its average volume of 20,737,160. The stock's fifty day simple moving average is $10.39 and its 200 day simple moving average is $9.84. Kinross Gold has a 1-year low of $4.75 and a 1-year high of $12.28. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KGC. Signaturefd LLC raised its holdings in Kinross Gold by 2.2% in the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock worth $381,000 after acquiring an additional 865 shares during the period. Private Advisor Group LLC raised its holdings in Kinross Gold by 8.7% in the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company's stock worth $115,000 after acquiring an additional 981 shares during the period. Mark Sheptoff Financial Planning LLC raised its holdings in Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after acquiring an additional 1,002 shares during the period. TD Private Client Wealth LLC raised its holdings in Kinross Gold by 2.4% in the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock worth $423,000 after acquiring an additional 1,079 shares during the period. Finally, Schechter Investment Advisors LLC raised its holdings in Kinross Gold by 2.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock worth $367,000 after acquiring an additional 1,080 shares during the period. Institutional investors own 63.69% of the company's stock.

Kinross Gold Dividend Announcement

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 issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.07%. Kinross Gold's dividend payout ratio is currently 19.67%.

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.