Stifel Canada Predicts Kinross Gold FY2028 Earnings

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Analysts at Stifel Canada issued their FY2028 earnings estimates for shares of Kinross Gold in a research note issued on Wednesday, March 19th. Stifel Canada analyst R. Profiti forecasts that the mining company will post earnings of $0.19 per share for the year. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Kinross Gold's current full-year earnings is $0.81 per share.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings results 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 12.65% and a net margin of 18.43%.

Several other equities analysts also recently issued reports on KGC. CIBC upped their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. StockNews.com lowered shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kinross Gold has an average rating of "Buy" and a consensus target price of $11.63.

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Kinross Gold Stock Up 0.4 %

NYSE:KGC traded up $0.05 during mid-day trading on Thursday, hitting $12.21. 15,541,509 shares of the company's stock traded hands, compared to its average volume of 17,246,225. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The company has a market capitalization of $15.02 billion, a P/E ratio of 15.85, a P/E/G ratio of 0.68 and a beta of 1.29. The company has a fifty day moving average of $11.25 and a 200 day moving average of $10.30. Kinross Gold has a twelve month low of $5.67 and a twelve month high of $12.39.

Institutional Trading of Kinross Gold

Large investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its position in Kinross Gold by 62.2% during the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock valued at $1,078,330,000 after purchasing an additional 44,610,091 shares during the period. Vanguard Group Inc. raised its stake in shares of Kinross Gold by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock valued at $439,881,000 after buying an additional 763,248 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Kinross Gold by 10.9% in the 4th quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock valued at $304,633,000 after buying an additional 3,224,455 shares during the period. Norges Bank purchased a new stake in shares of Kinross Gold in the fourth quarter worth about $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock worth $136,028,000 after acquiring an additional 1,398,225 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 declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's dividend payout ratio is presently 15.58%.

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.