What is Cormark's Estimate for Kinross Gold FY2025 Earnings?

Key Points

• Cormark analysts have raised Kinross Gold's FY2025 earnings estimate from $1.24 to $1.34 per share, anticipating significant growth ahead.
• The mining company reported quarterly earnings of $0.44 per share, exceeding expectations of $0.33, along with a substantial year-over-year revenue increase of 41.7%.
• Institutional investors hold a notable 63.69% stake in Kinross Gold, indicating strong investor confidence in the company's prospects.

Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K - Stock analysts at Cormark raised their FY2025 EPS estimates for shares of Kinross Gold in a report issued on Friday, August 1st. Cormark analyst R. Gray now anticipates that the mining company will post earnings per share of $1.34 for the year, up from their previous estimate of $1.24. The consensus estimate for Kinross Gold's current full-year earnings is $0.81 per share. Cormark also issued estimates for Kinross Gold's FY2027 earnings at $1.55 EPS.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data on Wednesday, July 30th. The mining company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.11. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the company posted $0.14 EPS. The firm's revenue for the quarter was up 41.7% on a year-over-year basis.

KGC has been the topic of several other reports. Scotiabank upped their price target on Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 8th. BMO Capital Markets started coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. Royal Bank Of Canada boosted their price objective on shares of Kinross Gold from $14.00 to $19.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Finally, Raymond James Financial raised shares of Kinross Gold to a "hold" rating and set a $15.00 target price on the stock in a research note on Monday, June 30th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Kinross Gold has a consensus rating of "Buy" and an average target price of $18.50.

Kinross Gold Stock Performance

NYSE:KGC traded up $0.14 during midday trading on Monday, reaching $18.85. 12,705,089 shares of the company traded hands, compared to its average volume of 21,009,492. The firm has a market capitalization of $22.98 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 0.60 and a beta of 0.55. The company has a fifty day moving average price of $15.62 and a 200 day moving average price of $13.67. Kinross Gold has a twelve month low of $8.13 and a twelve month high of $19.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.84 and a quick ratio of 1.45.

Hedge Funds Weigh In On Kinross Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its holdings in shares of Kinross Gold by 263.2% during the second quarter. Acadian Asset Management LLC now owns 494,000 shares of the mining company's stock worth $7,699,000 after purchasing an additional 358,000 shares in the last quarter. Aviva PLC grew its position in Kinross Gold by 13.2% in the second quarter. Aviva PLC now owns 910,108 shares of the mining company's stock worth $14,220,000 after acquiring an additional 106,385 shares in the last quarter. Prospera Financial Services Inc lifted its stake in Kinross Gold by 28.3% during the second quarter. Prospera Financial Services Inc now owns 17,718 shares of the mining company's stock worth $277,000 after purchasing an additional 3,906 shares during the last quarter. AGF Management Ltd. boosted its holdings in shares of Kinross Gold by 33.9% in the 2nd quarter. AGF Management Ltd. now owns 690,533 shares of the mining company's stock worth $10,791,000 after purchasing an additional 174,664 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in shares of Kinross Gold by 16.6% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 10,031 shares of the mining company's stock valued at $157,000 after buying an additional 1,426 shares in the last quarter. Institutional investors own 63.69% of the company's stock.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, August 21st. Kinross Gold's dividend payout ratio (DPR) is 9.68%.

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.