Analysts Set Expectations for Kinross Gold FY2025 Earnings

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 - National Bank Financial increased their FY2025 earnings per share (EPS) estimates for Kinross Gold in a research report issued on Thursday, July 31st. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings of $1.56 per share for the year, up from their previous forecast of $1.44. The consensus estimate for Kinross Gold's current full-year earnings is $0.81 per share.

Several other equities research analysts have also commented on the company. Wall Street Zen upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Royal Bank Of Canada boosted their price target on shares of Kinross Gold from $14.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a report on Tuesday, June 24th. Raymond James Financial upgraded shares of Kinross Gold to a "hold" rating and set a $15.00 price objective for the company in a research report on Monday, June 30th. Finally, UBS Group began coverage on Kinross Gold in a research report on Monday. They issued a "buy" rating and a $20.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $18.50.

Kinross Gold Stock Up 0.8%

NYSE KGC traded up $0.14 during trading on Monday, reaching $18.85. 12,705,089 shares of the company's stock traded hands, compared to its average volume of 21,009,492. The firm has a market cap of $22.98 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 0.60 and a beta of 0.55. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.84 and a quick ratio of 1.45. Kinross Gold has a 12-month low of $8.13 and a 12-month high of $19.05. The company's 50 day simple moving average is $15.62 and its two-hundred day simple moving average is $13.67.

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 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.11. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter last year, the company posted $0.14 EPS. The company's revenue was up 41.7% compared to the same quarter last year.

Institutional Trading of Kinross Gold

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise bought a new stake in Kinross Gold during the first quarter valued at about $55,000. IFP Advisors Inc increased its position in shares of Kinross Gold by 19.1% during the second quarter. IFP Advisors Inc now owns 5,210 shares of the mining company's stock worth $81,000 after purchasing an additional 835 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Kinross Gold by 188.6% during the first quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock worth $71,000 after acquiring an additional 3,659 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Kinross Gold in the 1st quarter valued at $77,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of Kinross Gold by 68.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 6,295 shares of the mining company's stock valued at $79,000 after buying an additional 2,561 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.12 annualized dividend and a yield of 0.6%. Kinross Gold's dividend payout ratio is currently 9.68%.

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.