Q4 EPS Estimates for Kinross Gold Decreased by Stifel Canada

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Research analysts at Stifel Canada lowered their Q4 2024 earnings per share (EPS) estimates for Kinross Gold in a research report issued to clients and investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the mining company will earn $0.20 per share for the quarter, down from their prior forecast of $0.23. The consensus estimate for Kinross Gold's current full-year earnings is $0.73 per share. Stifel Canada also issued estimates for Kinross Gold's FY2025 earnings at $0.79 EPS and FY2026 earnings at $0.80 EPS.

Separately, StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. One investment 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 stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $11.13.

Kinross Gold Price Performance

NYSE KGC traded down $0.03 during mid-day trading on Thursday, hitting $11.89. The stock had a trading volume of 17,238,026 shares, compared to its average volume of 20,737,160. Kinross Gold has a twelve month low of $4.75 and a twelve month high of $12.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The firm's 50 day moving average is $10.20 and its 200 day moving average is $9.73. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 0.67 and a beta of 1.24.

Hedge Funds Weigh In On Kinross Gold

A number of institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of Kinross Gold by 62.2% during the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock worth $1,078,330,000 after buying an additional 44,610,091 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Kinross Gold by 634.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company's stock worth $36,971,000 after acquiring an additional 3,405,478 shares during the period. Artemis Investment Management LLP increased its stake in Kinross Gold by 28.0% during the third quarter. Artemis Investment Management LLP now owns 8,567,435 shares of the mining company's stock worth $80,191,000 after acquiring an additional 1,871,939 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Kinross Gold in the third quarter valued at $14,193,000. Finally, Toronto Dominion Bank lifted its stake in shares of Kinross Gold by 115.7% in the 3rd quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company's stock valued at $19,455,000 after purchasing an additional 1,114,801 shares during the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

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.