Raymond James Forecasts Reduced Earnings for Kinross Gold

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Research analysts at Raymond James dropped their FY2025 earnings per share estimates for Kinross Gold in a research report issued on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings of $0.63 per share for the year, down from their previous estimate of $0.85. 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 research note on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $11.13.

Kinross Gold Trading Up 2.0 %

Shares of NYSE KGC traded up $0.24 during trading on Thursday, reaching $12.11. The company had a trading volume of 22,821,080 shares, compared to its average volume of 21,549,848. The stock has a market cap of $14.88 billion, a P/E ratio of 19.84, a PEG ratio of 0.67 and a beta of 1.24. The company's fifty day moving average price is $10.20 and its 200-day moving average price is $9.74. The company has a quick ratio of 0.63, a current ratio of 1.61 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.

Institutional Investors Weigh In On Kinross Gold

Hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its position in shares of Kinross Gold by 8.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company's stock worth $115,000 after buying an additional 981 shares during the period. Schechter Investment Advisors LLC grew its holdings in Kinross Gold by 2.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock worth $367,000 after purchasing an additional 1,080 shares during the period. Atomi Financial Group Inc. increased its stake in Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company's stock valued at $219,000 after purchasing an additional 1,106 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Kinross Gold by 2.7% during the third quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company's stock valued at $447,000 after purchasing an additional 1,235 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after purchasing an additional 1,412 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

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.