Kinross Gold FY2027 EPS Estimate Increased by Stifel Canada

Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K - Equities researchers at Stifel Canada increased their FY2027 earnings per share estimates for shares of Kinross Gold in a note issued to investors on Monday, July 21st. Stifel Canada analyst R. Profiti now expects that the mining company will post earnings of $1.42 per share for the year, up from their previous forecast of $1.33. 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 posted its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.08. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Kinross Gold had a return on equity of 15.63% and a net margin of 21.74%. The company's quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS.

A number of other analysts also recently commented on KGC. Wall Street Zen upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a report on Tuesday, June 24th. CIBC increased their price target on Kinross Gold from $16.00 to $21.00 and gave the stock an "outperformer" rating in a research report on Tuesday, July 15th. Royal Bank Of Canada increased their price target on Kinross Gold from $14.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Finally, Jefferies Financial Group upgraded Kinross Gold from a "hold" rating to a "buy" rating and increased their price target for the stock from $14.00 to $18.00 in a research report on Thursday, June 26th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Kinross Gold presently has an average rating of "Buy" and a consensus price target of $18.00.

Kinross Gold Stock Performance

Shares of KGC traded up $0.29 during mid-day trading on Wednesday, reaching $16.13. The company had a trading volume of 27,956,508 shares, compared to its average volume of 21,045,359. Kinross Gold has a 52-week low of $7.84 and a 52-week high of $16.52. The company has a quick ratio of 1.22, a current ratio of 2.83 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $19.78 billion, a P/E ratio of 16.45, a PEG ratio of 0.60 and a beta of 0.63. The stock has a 50 day moving average of $15.31 and a two-hundred day moving average of $13.31.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, May 29th. Kinross Gold's dividend payout ratio is presently 12.24%.

Institutional Investors Weigh In On Kinross Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mark Sheptoff Financial Planning LLC raised its position in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Kinross Gold in the 1st quarter valued at $55,000. IFP Advisors Inc raised its holdings in Kinross Gold by 19.1% in the 2nd quarter. IFP Advisors Inc now owns 5,210 shares of the mining company's stock valued at $81,000 after acquiring an additional 835 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Kinross Gold by 188.6% in the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock valued at $71,000 after acquiring an additional 3,659 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Kinross Gold in the 1st quarter valued at $77,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.