Stifel Canada Forecasts Increased Earnings for Kinross Gold

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Investment analysts at Stifel Canada raised their FY2025 earnings per share (EPS) estimates for Kinross Gold in a research note issued to investors on Monday, April 21st. Stifel Canada analyst R. Profiti now forecasts that the mining company will post earnings of $1.02 per share for the year, up from their previous forecast of $0.80. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share. Stifel Canada also issued estimates for Kinross Gold’s FY2026 earnings at $1.19 EPS.

Several other analysts also recently weighed in on KGC. Raymond James lifted their price objective on Kinross Gold from $12.00 to $15.00 and gave the company a “market perform” rating in a report on Friday, April 4th. BMO Capital Markets initiated coverage on shares of Kinross Gold in a research report on Wednesday, April 16th. They issued an “outperform” rating for the company. Scotiabank reissued an “outperform” rating on shares of Kinross Gold in a report on Monday, April 14th. CIBC upped their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Friday, April 18th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $13.30.

Kinross Gold Trading Down 1.4 %

Shares of NYSE KGC opened at $14.72 on Wednesday. Kinross Gold has a twelve month low of $6.34 and a twelve month high of $15.46. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $12.23 and a two-hundred day simple moving average of $10.90. The firm has a market cap of $18.11 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12.

Kinross Gold (NYSE:KGC) (TSE:K) last posted 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 net margin of 18.43% and a return on equity of 12.65%.

Institutional Investors Weigh In On Kinross Gold

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MML Investors Services LLC purchased a new stake in Kinross Gold during the 3rd quarter valued at about $201,000. Te Ahumairangi Investment Management Ltd lifted its position in Kinross Gold by 6.4% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 298,800 shares of the mining company’s stock valued at $2,786,000 after purchasing an additional 18,000 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Kinross Gold in the third quarter valued at $248,000. Tidal Investments LLC boosted its holdings in Kinross Gold by 354.9% in the third quarter. Tidal Investments LLC now owns 48,068 shares of the mining company’s stock valued at $450,000 after purchasing an additional 37,502 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Kinross Gold by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,080,957 shares of the mining company’s stock worth $10,804,000 after purchasing an additional 6,634 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 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.