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

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Research analysts at Cormark dropped their FY2025 earnings per share estimates for Kinross Gold in a research report issued on Tuesday, February 18th. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $0.72 per share 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.

Other equities research analysts have also issued reports about the company. CIBC raised their target price on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $11.63.

Kinross Gold Stock Performance

Shares of KGC stock opened at $11.34 on Thursday. Kinross Gold has a one year low of $4.75 and a one year high of $12.28. The stock has a market capitalization of $13.94 billion, a PE ratio of 14.73, a PEG ratio of 0.65 and a beta of 1.24. The business’s 50 day simple moving average is $10.46 and its 200 day simple moving average is $9.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after acquiring an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC boosted its stake in Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after purchasing an additional 1,002 shares during the period. SBI Securities Co. Ltd. bought a new position in Kinross Gold in the 4th quarter worth about $42,000. Global Retirement Partners LLC boosted its stake in Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares during the period. Finally, Avior Wealth Management LLC boosted its stake in Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares during the period. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Dividend Announcement

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 paid a dividend of $0.03 per share. 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 payout ratio is 15.58%.

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.