National Bank Financial Estimates Kinross Gold Q4 Earnings

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Investment analysts 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 posted 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 return on equity of 11.49% and a net margin of 15.23%.

A number of other equities research analysts have also recently commented on the stock. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 9th. CIBC raised their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Kinross Gold currently has an average rating of "Buy" and a consensus price target of $11.63.

Kinross Gold Stock Performance

Shares of KGC traded down $0.15 on Wednesday, reaching $11.27. The company's stock had a trading volume of 22,320,648 shares, compared to its average volume of 20,737,160. Kinross Gold has a 12-month low of $4.75 and a 12-month high of $12.28. The stock has a market capitalization of $13.85 billion, a P/E ratio of 18.47, a PEG ratio of 0.67 and a beta of 1.24. The stock's 50 day simple moving average is $10.36 and its two-hundred day simple moving average is $9.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC grew its holdings in shares of Kinross Gold by 2.2% in the fourth quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock valued at $381,000 after purchasing an additional 865 shares in the last quarter. Private Advisor Group LLC boosted its stake in Kinross Gold by 8.7% during the third 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. Mark Sheptoff Financial Planning LLC boosted its stake in Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after buying an additional 1,002 shares during the period. TD Private Client Wealth LLC boosted its stake in Kinross Gold by 2.4% during the fourth quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock worth $423,000 after buying an additional 1,079 shares during the period. Finally, Schechter Investment Advisors LLC boosted its stake in Kinross Gold by 2.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock worth $367,000 after buying an additional 1,080 shares during the period. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is presently 19.67%.

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.