Analysts Issue Forecasts for Kinross Gold FY2025 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Stifel Canada raised their FY2025 earnings per share estimates for shares of Kinross Gold in a report issued on Monday, April 21st. Stifel Canada analyst R. Profiti now forecasts that the company will post earnings per share of $1.42 for the year, up from their previous estimate of $1.11. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Stifel Canada also issued estimates for Kinross Gold’s FY2026 earnings at $1.65 EPS.

A number of other research firms also recently issued reports on K. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. BMO Capital Markets upgraded Kinross Gold to a “strong-buy” rating in a research note on Wednesday, April 16th. Stifel Nicolaus increased their target price on shares of Kinross Gold from C$19.50 to C$23.50 in a research report on Monday. Finally, National Bankshares boosted their price target on shares of Kinross Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$18.40.

Kinross Gold Trading Down 1.5 %

Shares of Kinross Gold stock opened at C$20.37 on Wednesday. The stock has a fifty day moving average price of C$17.39 and a 200-day moving average price of C$15.45. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The firm has a market cap of C$17.71 billion, a PE ratio of 23.98, a P/E/G ratio of -0.60 and a beta of 1.24. Kinross Gold has a 1 year low of C$8.69 and a 1 year high of C$21.36.

Kinross Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.59%. Kinross Gold’s payout ratio is currently 18.84%.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 99,347 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$15.22, for a total value of C$1,512,061.34. Also, Senior Officer Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$15.63, for a total transaction of C$156,300.00. Insiders have sold a total of 349,670 shares of company stock valued at $5,366,186 in the last quarter. Insiders own 0.26% of the company’s stock.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.