Stifel Canada Has Positive View of Kinross Gold Q2 Earnings

Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K - Equities researchers at Stifel Canada lifted their Q2 2025 earnings per share (EPS) estimates for Kinross Gold in a note issued to investors on Monday, July 21st. Stifel Canada analyst R. Profiti now forecasts that the mining company will earn $0.33 per share for the quarter, up from their prior estimate of $0.21. The consensus estimate for Kinross Gold's current full-year earnings is $0.81 per share. Stifel Canada also issued estimates for Kinross Gold's FY2025 earnings at $1.33 EPS and FY2026 earnings at $1.40 EPS.

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

Several other equities analysts have also commented on KGC. BMO Capital Markets started coverage on Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a report on Tuesday, June 24th. Jefferies Financial Group raised Kinross Gold from a "hold" rating to a "buy" rating and raised their price target for the stock from $14.00 to $18.00 in a report on Thursday, June 26th. CIBC upped their price objective on Kinross Gold from $16.00 to $21.00 and gave the company an "outperformer" rating in a research note on Tuesday, July 15th. Finally, Scotiabank increased their price objective on Kinross Gold from $16.00 to $17.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 8th. Two investment 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 stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $18.00.

Kinross Gold Stock Up 1.8%

NYSE:KGC traded up $0.29 during midday trading on Thursday, reaching $16.13. The company had a trading volume of 28,107,900 shares, compared to its average volume of 15,320,698. The firm has a market capitalization of $19.78 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 0.58 and a beta of 0.63. The stock's fifty day simple moving average is $15.31 and its 200-day simple moving average is $13.31. Kinross Gold has a 12-month low of $7.84 and a 12-month high of $16.52. The company has a current ratio of 2.83, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, May 29th. Kinross Gold's payout ratio is 12.24%.

Hedge Funds Weigh In On Kinross Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mark Sheptoff Financial Planning LLC increased its position in Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Kinross Gold during the 1st quarter valued at approximately $55,000. Farther Finance Advisors LLC lifted its position in shares of Kinross Gold by 188.6% during the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock valued at $71,000 after acquiring an additional 3,659 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Kinross Gold during the 1st quarter valued at approximately $77,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Kinross Gold by 68.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 6,295 shares of the mining company's stock valued at $79,000 after acquiring an additional 2,561 shares during the period. Institutional investors and hedge funds 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.