FY2025 Earnings Forecast for Kinross Gold Issued By Cormark

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Equities research analysts at Cormark reduced their FY2025 EPS estimates for shares of Kinross Gold in a research note issued to investors on Tuesday, February 18th. Cormark analyst R. Gray now expects that the mining company will post earnings of $0.72 per share for the year, down from their previous estimate of $0.90. The consensus estimate for Kinross Gold's current full-year earnings is $0.81 per share.

A number of other brokerages have also commented on KGC. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 9th. CIBC upped their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $11.63.

Kinross Gold Price Performance

Shares of NYSE:KGC traded down $0.58 on Thursday, hitting $10.97. The stock had a trading volume of 25,146,167 shares, compared to its average volume of 22,672,490. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. Kinross Gold has a twelve month low of $4.75 and a twelve month high of $12.28. 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 firm's 50 day moving average price is $10.49 and its 200-day moving average price is $9.90.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%.

Institutional Investors Weigh In On Kinross Gold

Several hedge funds have recently bought and sold shares of KGC. Van ECK Associates Corp raised its stake in 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 period. Norges Bank bought a new stake in shares of Kinross Gold in the fourth quarter worth about $280,697,000. Man Group plc raised its position in shares of Kinross Gold by 174.2% during the fourth quarter. Man Group plc now owns 9,243,267 shares of the mining company's stock worth $85,685,000 after purchasing an additional 5,871,904 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Kinross Gold by 80.9% during the 4th quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company's stock valued at $116,898,000 after purchasing an additional 5,639,383 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Kinross Gold by 634.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company's stock valued at $36,971,000 after purchasing an additional 3,405,478 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Wednesday, March 5th. Kinross Gold's dividend payout ratio is currently 15.58%.

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.