FY2025 Earnings Forecast for Kinross Gold Issued By Cormark

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Analysts at Cormark lowered their FY2025 earnings per share (EPS) estimates for shares of Kinross Gold in a research report issued to clients and investors on Tuesday, February 18th. Cormark analyst R. Gray now anticipates that the company will post earnings of $1.02 per share for the year, down from their prior forecast of $1.25. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share.

Separately, National Bankshares raised their target price on Kinross Gold from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kinross Gold presently has an average rating of "Buy" and a consensus price target of C$17.10.

Kinross Gold Stock Down 4.6 %

K traded down C$0.75 during trading on Thursday, hitting C$15.62. 5,608,852 shares of the company's stock traded hands, compared to its average volume of 3,363,997. The stock has a market capitalization of C$13.58 billion, a price-to-earnings ratio of 18.39, a PEG ratio of -0.60 and a beta of 1.24. The company's 50 day simple moving average is C$15.11 and its two-hundred day simple moving average is C$13.86. Kinross Gold has a 12-month low of C$6.46 and a 12-month high of C$17.63. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81.

Kinross Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.77%. Kinross Gold's dividend payout ratio (DPR) is presently 18.84%.

Insider Activity

In other news, Director George Vincent Albino bought 5,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of C$16.07 per share, for a total transaction of C$80,369.87. Also, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$14.22, for a total value of C$1,421,710.00. Insiders own 0.26% of the company's stock.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.