Kinross Gold (NYSE:KGC) Raised to Hold at Raymond James Financial

Raymond James Financial upgraded shares of Kinross Gold (NYSE:KGC - Free Report) TSE: K to a hold rating in a research note released on Monday, MarketBeat Ratings reports. The brokerage currently has $15.00 price target on the mining company's stock. Raymond James Financial also issued estimates for Kinross Gold's Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.30 EPS and FY2025 earnings at $1.12 EPS.

A number of other equities analysts have also recently issued reports on KGC. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a report on Tuesday, June 24th. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Jefferies Financial Group raised Kinross Gold from a "hold" rating to a "buy" rating and upped their price target for the stock from $14.00 to $18.00 in a research report on Thursday, June 26th. Finally, Scotiabank lifted their price objective on shares of Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $17.00.

Kinross Gold Trading Up 1.7%

Shares of NYSE KGC traded up $0.27 during midday trading on Monday, reaching $15.84. 12,114,985 shares of the stock were exchanged, compared to its average volume of 18,780,675. Kinross Gold has a 12 month low of $7.84 and a 12 month high of $16.04. The company has a market capitalization of $19.43 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 0.64 and a beta of 0.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.83 and a quick ratio of 1.22. The business has a 50-day simple moving average of $14.92 and a two-hundred day simple moving average of $12.62.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. Kinross Gold had a return on equity of 15.63% and a net margin of 21.74%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the business posted $0.10 EPS. The firm's revenue was up 38.5% compared to the same quarter last year. As a group, equities research analysts expect that Kinross Gold will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors 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 yield of 0.76%. Kinross Gold's dividend payout ratio (DPR) is presently 12.24%.

Institutional Investors Weigh In On Kinross Gold

A number of institutional investors and hedge funds have recently made changes to their positions in KGC. Vanguard Group Inc. raised its position in Kinross Gold by 1.2% during the first quarter. Vanguard Group Inc. now owns 47,926,769 shares of the mining company's stock worth $603,829,000 after acquiring an additional 561,563 shares in the last quarter. Boston Partners increased its stake in shares of Kinross Gold by 36.5% during the 1st quarter. Boston Partners now owns 47,526,913 shares of the mining company's stock worth $632,797,000 after purchasing an additional 12,705,061 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Kinross Gold by 10.9% in the 4th 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 during the period. Norges Bank acquired a new stake in Kinross Gold in the 4th quarter valued at about $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock worth $136,028,000 after purchasing an additional 1,398,225 shares during the period. 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.