What is Cormark's Forecast for Kinross Gold FY2025 Earnings?

Key Points

• Cormark increased its FY2025 earnings per share estimate for Kinross Gold to $1.85, up from $1.74, while the current consensus estimate is $1.01 per share.
• The stock received multiple upgrades recently, with BMO Capital Markets rating it a "strong-buy" and National Bank increasing the price target from C$27.00 to C$28.00.
• Kinross Gold announced a quarterly dividend of $0.03 per share, yielding 0.5%, with a payout ratio of 18.84%.

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Research analysts at Cormark upped their FY2025 earnings per share estimates for Kinross Gold in a note issued to investors on Friday, August 1st. Cormark analyst R. Gray now forecasts that the company will post earnings of $1.85 per share for the year, up from their previous estimate of $1.74. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share. Cormark also issued estimates for Kinross Gold's FY2027 earnings at $2.14 EPS.

K has been the subject of several other reports. BMO Capital Markets upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, April 16th. Raymond James Financial upgraded Kinross Gold to a "hold" rating in a research report on Monday, June 30th. National Bankshares lifted their price target on Kinross Gold from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Stifel Nicolaus boosted their target price on Kinross Gold from C$23.50 to C$24.50 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kinross Gold currently has a consensus rating of "Buy" and a consensus price target of C$21.25.

Kinross Gold Price Performance

Shares of TSE K opened at C$22.35 on Monday. The stock has a market cap of C$19.43 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold has a fifty-two week low of C$11.11 and a fifty-two week high of C$22.73. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The stock has a fifty day moving average of C$21.23 and a 200-day moving average of C$18.98.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. Kinross Gold's payout ratio is currently 18.84%.

Insider Transactions at Kinross Gold

In other news, Director George Nickolas Paspalas acquired 2,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of C$19.20 per share, for a total transaction of C$38,400.00. Also, Senior Officer Laurence Davies sold 10,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of C$20.13, for a total value of C$201,300.00. In the last three months, insiders sold 42,833 shares of company stock worth $901,122. Company insiders own 0.26% of the company's stock.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.

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