Zacks Research Comments on Kinross Gold FY2025 Earnings

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Analysts at Zacks Research upped their FY2025 earnings per share estimates for shares of Kinross Gold in a note issued to investors on Monday, May 26th. Zacks Research analyst A. Barman now anticipates that the mining company will post earnings per share of $0.82 for the year, up from their prior estimate of $0.63. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share.

Several other research firms have also commented on KGC. National Bankshares restated an “outperform” rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 18th. Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Raymond James lifted their price target on Kinross Gold from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, April 4th. Finally, Scotiabank increased their price target 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 equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Kinross Gold presently has an average rating of “Buy” and an average target price of $14.50.

Kinross Gold Price Performance

NYSE:KGC opened at $14.80 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The company has a 50 day moving average price of $13.86 and a 200-day moving average price of $11.66. Kinross Gold has a 1-year low of $7.20 and a 1-year high of $15.96. The firm has a market cap of $18.21 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 0.68 and a beta of 0.64.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company posted $0.10 earnings per share. Kinross Gold’s revenue for the quarter was up 38.5% on a year-over-year basis.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%. Kinross Gold’s payout ratio is currently 12.24%.

Institutional Trading of Kinross Gold

Several large investors have recently made changes to their positions in the company. Capital Investment Advisors LLC grew its holdings in shares of Kinross Gold by 3.1% during the first quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company’s stock worth $351,000 after buying an additional 850 shares in the last quarter. Signaturefd LLC boosted its position in Kinross Gold by 2.2% during the fourth quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock worth $381,000 after acquiring an additional 865 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its stake 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 valued at $40,000 after acquiring an additional 1,002 shares in the last quarter. Cresset Asset Management LLC grew its stake in Kinross Gold by 3.0% during the 1st quarter. Cresset Asset Management LLC now owns 34,714 shares of the mining company’s stock valued at $438,000 after acquiring an additional 1,013 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Kinross Gold by 2.4% in the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company’s stock valued at $423,000 after acquiring an additional 1,079 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.