FY2024 EPS Estimates for Kinross Gold Cut by Stifel Canada

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Research analysts at Stifel Canada cut their FY2024 EPS estimates for Kinross Gold in a note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the mining company will post earnings per share of $0.72 for the year, down from their previous forecast of $0.74. The consensus estimate for Kinross Gold's current full-year earnings is $0.73 per share.

Separately, StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Kinross Gold currently has a consensus rating of "Buy" and a consensus target price of $11.13.

Kinross Gold Stock Performance

Shares of NYSE KGC traded up $0.25 during trading on Friday, reaching $12.12. 21,032,859 shares of the company traded hands, compared to its average volume of 21,535,602. The stock has a market cap of $14.89 billion, a P/E ratio of 19.88, a PEG ratio of 0.67 and a beta of 1.24. The firm's fifty day simple moving average is $10.20 and its 200 day simple moving average is $9.74. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. Kinross Gold has a 12-month low of $4.75 and a 12-month high of $12.29.

Hedge Funds Weigh In On Kinross Gold

Large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its holdings in Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after purchasing an additional 1,412 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Kinross Gold in the 4th quarter valued at $42,000. Global Retirement Partners LLC increased its holdings in Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after acquiring an additional 4,788 shares in the last quarter. Avior Wealth Management LLC raised its position in Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after acquiring an additional 5,140 shares during the period. Finally, Valley National Advisers Inc. purchased a new position in Kinross Gold during the fourth quarter valued at $92,000. Institutional investors and hedge funds own 63.69% of the company's stock.

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.