FY2025 EPS Estimates for Kinross Gold Lowered by Analyst

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Raymond James cut their FY2025 earnings estimates for Kinross Gold in a research report issued on Monday, February 3rd. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of $0.63 per share for the year, down from their prior forecast of $0.85. The consensus estimate for Kinross Gold’s current full-year earnings is $0.72 per share.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. The company’s revenue was up 29.9% on a year-over-year basis.

Separately, StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kinross Gold has a consensus rating of “Buy” and a consensus price target of $11.13.

Kinross Gold Trading Up 0.3 %

Shares of NYSE:KGC opened at $11.92 on Thursday. Kinross Gold has a 52-week low of $4.75 and a 52-week high of $12.02. The company has a market cap of $14.65 billion, a P/E ratio of 19.53, a P/E/G ratio of 0.61 and a beta of 1.24. The stock’s 50-day moving average is $10.11 and its 200-day moving average is $9.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capstone Investment Advisors LLC acquired a new stake in Kinross Gold in the 3rd quarter valued at about $774,000. Mediolanum International Funds Ltd acquired a new position in shares of Kinross Gold in the 4th quarter valued at approximately $2,506,000. International Assets Investment Management LLC acquired a new stake in shares of Kinross Gold during the third quarter worth $780,000. Geode Capital Management LLC boosted its position in shares of Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after buying an additional 828,456 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of Kinross Gold by 25.7% in the third quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock valued at $3,186,000 after purchasing an additional 69,520 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Kinross Gold Company Profile

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.