Kinross Gold FY2025 EPS Raised by National Bank Financial

Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K - Analysts at National Bank Financial lifted their FY2025 earnings per share estimates for shares of Kinross Gold in a note issued to investors on Tuesday, July 15th. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings of $1.44 per share for the year, up from their previous estimate of $1.14. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Kinross Gold's current full-year earnings is $0.81 per share. National Bank Financial also issued estimates for Kinross Gold's FY2026 earnings at $1.77 EPS.

A number of other brokerages have also recently issued reports on KGC. Royal Bank Of Canada boosted their target price on Kinross Gold from $14.00 to $19.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. BMO Capital Markets assumed coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They set an "outperform" rating for the company. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, June 24th. Scotiabank increased their price objective on shares of Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 8th. Finally, CIBC lifted their target price on Kinross Gold from $16.00 to $21.00 and gave the stock an "outperformer" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Kinross Gold has an average rating of "Buy" and an average price target of $18.00.

Kinross Gold Trading Down 0.9%

Shares of KGC traded down $0.14 during trading hours on Friday, hitting $15.29. The stock had a trading volume of 14,167,468 shares, compared to its average volume of 18,660,155. The company's fifty day simple moving average is $15.11 and its 200 day simple moving average is $13.09. Kinross Gold has a 12-month low of $7.84 and a 12-month high of $16.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 2.83. The firm has a market cap of $18.76 billion, a P/E ratio of 15.60, a P/E/G ratio of 0.60 and a beta of 0.63.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. Kinross Gold's revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, May 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. Kinross Gold's dividend payout ratio is presently 12.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in Kinross Gold in the fourth quarter worth approximately $280,697,000. Boston Partners lifted its holdings in Kinross Gold by 36.5% in the 1st quarter. Boston Partners now owns 47,526,913 shares of the mining company's stock valued at $632,797,000 after acquiring an additional 12,705,061 shares during the last quarter. Man Group plc grew its stake in shares of Kinross Gold by 174.2% in the 4th quarter. Man Group plc now owns 9,243,267 shares of the mining company's stock worth $85,685,000 after purchasing an additional 5,871,904 shares during the last quarter. Artemis Investment Management LLP grew its stake in shares of Kinross Gold by 365.8% in the 1st quarter. Artemis Investment Management LLP now owns 6,876,921 shares of the mining company's stock worth $86,718,000 after purchasing an additional 5,400,447 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Kinross Gold by 95.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,949,976 shares of the mining company's stock worth $87,639,000 after purchasing an additional 3,398,687 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

About Kinross Gold

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.