Kinross Gold FY2025 EPS Boosted by National Bank Financial

Key Points

• National Bank Financial has raised its FY2025 earnings per share (EPS) estimate for Kinross Gold to $1.62, an increase from a previous estimate of $1.56.
• Analysts' ratings for Kinross Gold are generally positive, with two analysts giving a Strong Buy rating and an average target price set at $21.07.
• Kinross Gold recently reported quarterly earnings of $0.44 per share, exceeding analyst estimates, while also achieving a significant revenue increase of 41.7% year-over-year.

Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K - National Bank Financial raised their FY2025 earnings per share (EPS) estimates for Kinross Gold in a research report issued to clients and investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings per share of $1.62 for the year, up from their previous estimate of $1.56. The consensus estimate for Kinross Gold's current full-year earnings is $0.81 per share.

Several other analysts have also issued reports on the company. Jefferies Financial Group upgraded Kinross Gold from a "hold" rating to a "buy" rating and increased their price objective for the stock from $14.00 to $18.00 in a report on Thursday, June 26th. CIBC raised their target price on Kinross Gold from $21.00 to $22.00 and gave the company an "outperformer" rating in a report on Friday, August 1st. UBS Group raised their target price on Kinross Gold from $20.00 to $27.00 and gave the company a "buy" rating in a report on Friday, September 19th. Zacks Research lowered Kinross Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Finally, Raymond James Financial upgraded Kinross Gold to a "hold" rating and set a $15.00 target price on the stock in a report on Monday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.07.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $23.32 on Thursday. The company has a current ratio of 2.84, a quick ratio of 1.45 and a debt-to-equity ratio of 0.16. Kinross Gold has a 1 year low of $8.99 and a 1 year high of $24.91. The business has a fifty day simple moving average of $19.69 and a 200 day simple moving average of $16.10. The firm has a market cap of $28.27 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 0.79 and a beta of 0.62.

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

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 21st. Kinross Gold's dividend payout ratio (DPR) is currently 9.68%.

Institutional Investors Weigh In On Kinross Gold

A number of institutional investors have recently added to or reduced their stakes in KGC. Norges Bank acquired a new stake in Kinross Gold during the second quarter worth about $389,025,000. Boston Partners grew its position in Kinross Gold by 36.5% during the first quarter. Boston Partners now owns 47,526,913 shares of the mining company's stock worth $632,797,000 after buying an additional 12,705,061 shares in the last quarter. Man Group plc grew its position in Kinross Gold by 47.8% during the second quarter. Man Group plc now owns 16,739,969 shares of the mining company's stock worth $261,646,000 after buying an additional 5,411,491 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in Kinross Gold by 365.8% during the first quarter. Artemis Investment Management LLP now owns 6,876,921 shares of the mining company's stock valued at $86,718,000 after purchasing an additional 5,400,447 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Kinross Gold by 81.2% in the 2nd quarter. Bank of America Corp DE now owns 8,073,665 shares of the mining company's stock valued at $126,191,000 after purchasing an additional 3,617,320 shares during the period. 63.69% of the stock is 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.

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