Stifel Canada Boosts Earnings Estimates for Kinross Gold

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Analysts at Stifel Canada increased their FY2025 EPS estimates for shares of Kinross Gold in a report released on Monday, October 21st. Stifel Canada analyst I. Rico now expects that the mining company will post earnings of $1.04 per share for the year, up from their prior estimate of $0.68. The consensus estimate for Kinross Gold's current full-year earnings is $0.63 per share. Stifel Canada also issued estimates for Kinross Gold's FY2026 earnings at $0.87 EPS.

KGC has been the topic of several other research reports. StockNews.com cut shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, September 25th. Scotiabank lifted their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. Jefferies Financial Group lifted their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Finally, CIBC lifted their target price on shares of Kinross Gold from $8.15 to $12.00 and gave the stock an "outperformer" rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $9.50.

Kinross Gold Price Performance

Shares of KGC traded up $0.06 during mid-day trading on Thursday, hitting $10.77. The company's stock had a trading volume of 22,955,795 shares, compared to its average volume of 15,259,978. The firm has a 50-day moving average price of $9.48 and a 200 day moving average price of $8.41. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 0.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.27 and a quick ratio of 0.52. Kinross Gold has a fifty-two week low of $4.75 and a fifty-two week high of $10.82.

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

Institutional Trading of Kinross Gold

Several institutional investors have recently made changes to their positions in KGC. Atlas Capital Advisors LLC acquired a new stake in shares of Kinross Gold during the second quarter worth approximately $40,000. Advisor Resource Council acquired a new stake in Kinross Gold in the first quarter valued at approximately $60,000. Bright Futures Wealth Management LLC. acquired a new stake in Kinross Gold in the first quarter valued at approximately $70,000. Fifth Third Bancorp lifted its stake in Kinross Gold by 3,524.4% in the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company's stock valued at $80,000 after acquiring an additional 9,375 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Kinross Gold by 113.1% in the second quarter. Blue Trust Inc. now owns 11,327 shares of the mining company's stock valued at $94,000 after acquiring an additional 6,011 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, August 22nd. Kinross Gold's dividend payout ratio is currently 29.27%.

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.