Kinross Gold (KGC) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kinross Gold in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" KGC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KGC, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued 1-year target prices for Kinross Gold's shares. Their KGC share price forecasts range from $4.00 to $9.00. On average, they predict the company's share price to reach $6.33 in the next year. This suggests a possible upside of 30.5% from the stock's current price.
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Kinross Gold's stock was trading at $4.09 at the beginning of the year. Since then, KGC stock has increased by 18.6% and is now trading at $4.85.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our KGC earnings forecast.

Kinross Gold Co. (NYSE:KGC) posted its quarterly earnings results on Tuesday, May, 9th. The mining company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The mining company earned $929.30 million during the quarter, compared to analysts' expectations of $957.31 million. Kinross Gold had a trailing twelve-month return on equity of 4.95% and a net margin of 0.24%. The business's revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share.

Kinross Gold announced a quarterly dividend on Tuesday, May 9th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.03 per share on Thursday, June 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for KGC.

ETFs with the largest weight of Kinross Gold (NYSE:KGC) stock in their portfolio include iShares North American Natural Resources ETF (IGE).iShares MSCI Intl Size Factor ETF (ISZE).

Kinross Gold (NYSE:KGC) pays an annual dividend of $0.12 per share and currently has a dividend yield of 2.47%. The dividend payout ratio is 1,200.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KGC will have a dividend payout ratio of 30.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KGC.

35 employees have rated Kinross Gold Chief Executive Officer J. Paul Rollinson on Glassdoor.com. J. Paul Rollinson has an approval rating of 97% among the company's employees. This puts J. Paul Rollinson in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kinross Gold investors own include Barrick Gold (GOLD), NVIDIA (NVDA), IAMGOLD (IAG), Advanced Micro Devices (AMD), Yamana Gold (AUY), Newmont (NEM), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU) and Gilead Sciences (GILD).

Kinross Gold trades on the New York Stock Exchange (NYSE) under the ticker symbol "KGC."

Kinross Gold's stock is owned by a number of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (11.91%), Ruffer LLP (2.91%), Renaissance Technologies LLC (2.09%), Donald Smith & CO. Inc. (1.35%), Deutsche Bank AG (1.02%) and 1832 Asset Management L.P. (1.00%).

Shares of KGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KGC stock can currently be purchased for approximately $4.85.

Kinross Gold (NYSE:KGC) has a market capitalization of $5.95 billion and generates $3.46 billion in revenue each year. The mining company earns $-605,200,000.00 in net income (profit) each year or $0.01 on an earnings per share basis.

The company employs 6,400 workers across the globe.

Kinross Gold's mailing address is 25 YORK STREET 17TH FLOOR, TORONTO A6, M5J 2V5. The official website for the company is www.kinross.com. The mining company can be reached via phone at (416) 365-5123, via email at tom.elliott@kinross.com, or via fax at 416-363-6622.