Kinross Gold FY2025 EPS Lifted by National Bank Financial

Key Points

• National Bank Financial raised its FY2025 earnings estimate for Kinross Gold from $1.44 to $1.56 per share, indicating positive growth prospects for the company.
• Kinross Gold recently reported a quarterly earnings of $0.44 per share, surpassing analyst estimates and achieving a revenue of $1.75 billion, up 41.7% year-over-year.
• The company announced a quarterly dividend of $0.03 per share, which will be paid on September 4, marking an annualized yield of 0.7%.

Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K - Research analysts at National Bank Financial boosted their FY2025 earnings estimates for Kinross Gold in a research report issued to clients and investors on Thursday, July 31st. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings per share of $1.56 for the year, up from their prior forecast of $1.44. The consensus estimate for Kinross Gold's current full-year earnings is $0.81 per share.

A number of other brokerages have also commented on KGC. BMO Capital Markets assumed coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Raymond James Financial upgraded shares of Kinross Gold to a "hold" rating and set a $15.00 price target on the stock in a report on Monday, June 30th. CIBC lifted their target price on shares of Kinross Gold from $21.00 to $22.00 and gave the stock an "outperformer" rating in a research note on Friday. Finally, Jefferies Financial Group raised shares of Kinross Gold from a "hold" rating to a "buy" rating and lifted their target price for the stock from $14.00 to $18.00 in a research note on Thursday, June 26th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $18.20.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $16.20 on Monday. The firm has a market cap of $19.74 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 0.55 and a beta of 0.55. The firm's fifty day moving average is $15.50 and its 200-day moving average is $13.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.45 and a current ratio of 2.84. Kinross Gold has a 52 week low of $7.84 and a 52 week high of $16.52.

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

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 21st. Kinross Gold's dividend payout ratio (DPR) is currently 9.68%.

Institutional Investors Weigh In On Kinross Gold

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in Kinross Gold by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock valued at $304,633,000 after purchasing an additional 3,224,455 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Kinross Gold by 8.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 237,612 shares of the mining company's stock valued at $2,204,000 after purchasing an additional 18,135 shares in the last quarter. State of Wyoming increased its stake in Kinross Gold by 56.5% in the fourth quarter. State of Wyoming now owns 120,777 shares of the mining company's stock valued at $1,120,000 after purchasing an additional 43,595 shares in the last quarter. Hsbc Holdings PLC increased its stake in Kinross Gold by 77.7% in the fourth quarter. Hsbc Holdings PLC now owns 2,230,858 shares of the mining company's stock valued at $20,587,000 after purchasing an additional 975,147 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in Kinross Gold by 365.8% in 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. 63.69% of the stock is owned by institutional investors.

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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