FY2027 EPS Estimates for Kinross Gold Reduced by Scotiabank

Key Points

• Scotiabank trimmed its FY2027 EPS estimate for Kinross Gold to $2.79 (from $2.83) while keeping an "Outperform" rating and a $45.00 price target.
• Analyst views are mixed — several brokers cut price targets (UBS to $37, TD lower), RBC upgraded to "Outperform," and MarketBeat shows a consensus of Moderate Buy with an average target of $38.81.
• Kinross recently beat quarterly EPS estimates ($0.67 vs. $0.55), reported revenue up 42.9% year-over-year, and pays a $0.04 quarterly dividend (annualized $0.16, ~0.5% yield).

Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K - Analysts at Scotiabank lowered their FY2027 earnings per share (EPS) estimates for shares of Kinross Gold in a research report issued to clients and investors on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $2.79 per share for the year, down from their prior forecast of $2.83. Scotiabank currently has a "Outperform" rating and a $45.00 target price on the stock. The consensus estimate for Kinross Gold's current full-year earnings is $2.77 per share.

A number of other brokerages have also weighed in on KGC. UBS Group decreased their price objective on shares of Kinross Gold from $43.00 to $37.00 and set a "buy" rating for the company in a report on Friday, March 27th. Canadian Imperial Bank of Commerce set a $54.00 price objective on shares of Kinross Gold in a report on Wednesday, February 4th. TD Securities decreased their price objective on shares of Kinross Gold from $43.00 to $42.00 and set a "buy" rating for the company in a report on Tuesday, March 3rd. Zacks Research lowered shares of Kinross Gold from a "strong-buy" rating to a "hold" rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada upgraded shares of Kinross Gold from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $36.00 to $45.00 in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.81.

Kinross Gold Price Performance

Shares of NYSE KGC opened at $32.77 on Monday. Kinross Gold has a twelve month low of $13.28 and a twelve month high of $39.11. The firm has a market cap of $39.13 billion, a P/E ratio of 16.72, a PEG ratio of 1.56 and a beta of 0.82. The company has a 50 day moving average of $32.37 and a 200 day moving average of $29.96. The company has a quick ratio of 1.37, a current ratio of 2.35 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings results on Wednesday, February 18th. The mining company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.12. Kinross Gold had a return on equity of 28.22% and a net margin of 33.90%.The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same period in the previous year, the firm posted $0.20 EPS. The business's revenue for the quarter was up 42.9% compared to the same quarter last year.

Kinross Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th were paid a $0.04 dividend. This is a positive change from Kinross Gold's previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Kinross Gold's dividend payout ratio (DPR) is currently 8.16%.

Institutional Investors Weigh In On Kinross Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Kinross Gold in the 4th quarter worth $26,000. Financial Management Professionals Inc. purchased a new stake in shares of Kinross Gold in the 4th quarter worth $26,000. Caitlin John LLC purchased a new stake in shares of Kinross Gold in the 3rd quarter worth $26,000. Virtus Advisers LLC purchased a new stake in shares of Kinross Gold in the 3rd quarter worth $28,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of Kinross Gold in the 3rd quarter worth $29,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Kinross Gold Company Profile

Kinross Gold Corporation NYSE: KGC is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company's activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.

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