Q1 2025 EPS Estimates for Kinross Gold Co. Increased by Raymond James (NYSE:KGC)

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Analysts at Raymond James raised their Q1 2025 earnings per share (EPS) estimates for shares of Kinross Gold in a research report issued on Monday, September 23rd. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.22 per share for the quarter, up from their prior estimate of $0.13. The consensus estimate for Kinross Gold's current full-year earnings is $0.60 per share. Raymond James also issued estimates for Kinross Gold's Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.22 EPS and FY2025 earnings at $0.88 EPS.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group increased their target price on Kinross Gold from $7.00 to $9.00 and gave the stock a "hold" rating in a research report on Friday, July 12th. Scotiabank increased their price objective on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. CIBC boosted their target price on shares of Kinross Gold from $8.15 to $12.00 and gave the company an "outperformer" rating in a report on Wednesday, July 10th. Finally, StockNews.com lowered shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.33.

Kinross Gold Trading Up 0.7 %

Shares of Kinross Gold stock traded up $0.07 during trading hours on Thursday, reaching $9.81. 13,473,424 shares of the company's stock were exchanged, compared to its average volume of 15,556,438. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 0.55 and a beta of 1.23. The company has a current ratio of 1.27, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19. Kinross Gold has a 52-week low of $4.32 and a 52-week high of $10.10. The company has a fifty day moving average of $9.00 and a 200-day moving average of $7.84.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its earnings results on Wednesday, July 31st. The mining company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 9.32%. Kinross Gold's revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KGC. Truist Financial Corp boosted its holdings in Kinross Gold by 33.2% in the 2nd quarter. Truist Financial Corp now owns 161,900 shares of the mining company's stock worth $1,347,000 after acquiring an additional 40,371 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Kinross Gold by 18.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company's stock valued at $119,000 after purchasing an additional 2,180 shares in the last quarter. Creative Planning increased its stake in Kinross Gold by 48.6% during the 2nd quarter. Creative Planning now owns 64,256 shares of the mining company's stock worth $535,000 after buying an additional 21,004 shares during the period. Lighthouse Investment Partners LLC lifted its holdings in Kinross Gold by 1,401.5% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 273,175 shares of the mining company's stock worth $2,273,000 after buying an additional 254,981 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in Kinross Gold by 6.2% in the 2nd quarter. Mackenzie Financial Corp now owns 10,959,397 shares of the mining company's stock valued at $91,255,000 after buying an additional 643,013 shares during the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, August 22nd. Kinross Gold's dividend payout ratio is presently 33.33%.

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.