Analysts Issue Forecasts for Kinross Gold FY2025 Earnings

Key Points

• National Bank Financial has raised its FY2025 earnings estimate for Kinross Gold to $2.24 per share, an increase from the previous estimate of $2.14, while the current earnings consensus is $1.01 per share.
• The stock currently holds a consensus rating of "Buy" with a target price of C$26.25, reflecting positive sentiment among analysts.
• Kinross Gold has announced a quarterly dividend of $0.03 per share, resulting in an annualized dividend yield of 0.4%.

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Stock analysts at National Bank Financial upped their FY2025 earnings estimates for shares of Kinross Gold in a research report issued to clients and investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now anticipates that the company will earn $2.24 per share for the year, up from their previous estimate of $2.14. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share.

K has been the subject of a number of other reports. National Bankshares upped their price target on shares of Kinross Gold from C$27.00 to C$28.00 and gave the company an "outperform" rating in a report on Friday, August 1st. UBS Group upgraded Kinross Gold to a "strong-buy" rating in a research note on Monday, August 4th. Finally, Raymond James Financial raised Kinross Gold to a "hold" rating in a research report on Monday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$26.25.

Kinross Gold Price Performance

TSE K opened at C$32.37 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. Kinross Gold has a 1 year low of C$12.56 and a 1 year high of C$34.43. The company has a fifty day simple moving average of C$27.12 and a 200 day simple moving average of C$22.28. The company has a market cap of C$39.45 billion, a P/E ratio of 26.10, a P/E/G ratio of -0.60 and a beta of 0.67.

Insider Activity at Kinross Gold

In related news, insider Claude J.S. Schimper sold 2,131 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$27.86, for a total value of C$59,369.66. Following the completion of the transaction, the insider directly owned 35,258 shares of the company's stock, valued at C$982,287.88. This trade represents a 5.70% decrease in their ownership of the stock. Corporate insiders own 0.26% of the company's stock.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. Kinross Gold's dividend payout ratio is currently 9.68%.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.

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