Raymond James Lowers Earnings Estimates for Kinross Gold

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Equities research analysts at Raymond James dropped their Q1 2025 earnings estimates for Kinross Gold in a report issued on Tuesday, March 4th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.14 per share for the quarter, down from their prior estimate of $0.18. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share. Raymond James also issued estimates for Kinross Gold’s Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.13 EPS and FY2025 earnings at $0.54 EPS.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly 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%.

Several other research firms have also weighed in on KGC. CIBC lifted their target price 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 cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Kinross Gold has a consensus rating of “Moderate Buy” and a consensus price target of $11.63.

Kinross Gold Stock Up 2.9 %

KGC stock opened at $11.45 on Thursday. The firm has a 50 day moving average of $10.77 and a 200 day moving average of $10.05. The stock has a market capitalization of $14.07 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.68 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. Kinross Gold has a 52 week low of $5.24 and a 52 week high of $12.28.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KGC. Van ECK Associates Corp grew its holdings in Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock valued at $1,078,330,000 after buying an additional 44,610,091 shares during the last quarter. Vanguard Group Inc. increased its holdings in Kinross Gold by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company’s stock valued at $439,881,000 after purchasing an additional 763,248 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Kinross Gold by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company’s stock worth $304,633,000 after acquiring an additional 3,224,455 shares in the last quarter. Norges Bank bought a new position in shares of Kinross Gold during the fourth quarter worth about $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company’s stock valued at $136,028,000 after purchasing an additional 1,398,225 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.05%. Kinross Gold’s dividend payout ratio (DPR) is 15.58%.

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.