What is Cormark’s Estimate for Kinross Gold FY2025 Earnings?

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Cormark lowered their FY2025 earnings estimates for shares of Kinross Gold in a note issued to investors on Tuesday, February 18th. Cormark analyst R. Gray now anticipates that the mining company will post earnings per share of $0.72 for the year, down from their previous estimate of $0.90. The consensus estimate for Kinross Gold’s current full-year earnings is $0.83 per share.

A number of other analysts also recently issued reports on the stock. CIBC lifted their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Stock Performance

Shares of KGC stock opened at $11.34 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The company has a market capitalization of $13.94 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 0.65 and a beta of 1.24. The company’s 50 day moving average price is $10.46 and its two-hundred day moving average price is $9.89. Kinross Gold has a 52 week low of $4.75 and a 52 week high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.06%. Kinross Gold’s dividend payout ratio is presently 15.58%.

Hedge Funds Weigh In On Kinross Gold

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