Kinross Gold Co. (TSE:K) Expected to Earn FY2025 Earnings of $0.69 Per Share

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Raymond James upped their FY2025 earnings per share (EPS) estimates for shares of Kinross Gold in a research report issued to clients and investors on Tuesday, September 10th. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $0.69 per share for the year, up from their previous forecast of $0.68.

K has been the subject of several other research reports. Canaccord Genuity Group upped their target price on Kinross Gold from C$13.50 to C$16.00 in a research report on Tuesday, July 23rd. Eight Capital increased their price objective on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, National Bankshares boosted their target price on shares of Kinross Gold from C$13.75 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$14.50.

Kinross Gold Stock Performance

Kinross Gold has a 12-month low of C$5.91 and a 12-month high of C$13.37. The stock has a market cap of C$16.33 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The business’s fifty day simple moving average is C$12.09 and its two-hundred day simple moving average is C$10.26.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. The company had revenue of C$1.67 billion during the quarter, compared to the consensus estimate of C$1.39 billion.

Kinross Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.041 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of ?. Kinross Gold’s payout ratio is currently 29.63%.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer William D. Dunford sold 6,076 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total transaction of C$65,377.76. In other Kinross Gold news, Senior Officer William D. Dunford sold 6,076 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$10.76, for a total transaction of C$65,377.76. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. 0.27% of the stock is currently owned by corporate insiders.

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.