FY2025 EPS Estimates for Kinross Gold Lifted by Analyst

Key Points

• Analysts at National Bank Financial have raised their FY2025 earnings estimate for Kinross Gold to $2.14 per share, up from a previous estimate of $1.97.
• Kinross Gold's recent quarterly dividend announcement includes a $0.03 dividend per share, representing an annualized yield of 0.5%.
• The stock has received multiple upgrades and currently holds a consensus rating of "Buy"** with an average price target of C$21.25.

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Analysts at National Bank Financial boosted their FY2025 earnings estimates for shares of Kinross Gold in a report issued on Thursday, July 31st. National Bank Financial analyst S. Nagle now expects that the company will earn $2.14 per share for the year, up from their previous estimate of $1.97. 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 research reports. Raymond James Financial upgraded shares of Kinross Gold to a "hold" rating in a research note on Monday, June 30th. National Bankshares increased their price target on shares of Kinross Gold from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a research note on Friday. BMO Capital Markets upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus upped their price objective on shares of Kinross Gold from C$23.50 to C$24.50 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$21.25.

Kinross Gold Stock Up 0.8%

Shares of TSE:K opened at C$22.35 on Monday. The stock has a market cap of C$19.43 billion, a P/E ratio of 26.31, a P/E/G ratio of -0.60 and a beta of 1.24. The firm has a fifty day moving average price of C$21.23 and a 200 day moving average price of C$18.98. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. Kinross Gold has a 1-year low of C$11.11 and a 1-year high of C$22.73.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. Kinross Gold's dividend payout ratio is presently 18.84%.

Insiders Place Their Bets

In other news, Senior Officer Lucas Crosby sold 12,660 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$21.48, for a total value of C$271,920.34. Also, Senior Officer Laurence Davies sold 10,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of C$20.13, for a total value of C$201,300.00. Over the last three months, insiders have sold 42,833 shares of company stock worth $901,122. Insiders own 0.26% of the company's stock.

About Kinross Gold

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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