FY2025 EPS Estimates for Kinross Gold Reduced by Scotiabank

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Equities research analysts at Scotiabank decreased their FY2025 earnings per share estimates for Kinross Gold in a note issued to investors on Friday, January 30th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will earn $1.67 per share for the year, down from their previous estimate of $1.71. Scotiabank has a “Outperform” rating and a $45.00 price target on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share.

KGC has been the topic of several other reports. TD Securities boosted their price objective on shares of Kinross Gold from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 18th. Raymond James Financial upped their price objective on Kinross Gold from $20.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 10th. UBS Group set a $43.00 target price on Kinross Gold in a research note on Friday. Finally, Desjardins started coverage on Kinross Gold in a report on Friday, November 28th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

Kinross Gold Stock Performance

NYSE KGC opened at $33.24 on Monday. The firm has a market capitalization of $39.89 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 0.35 and a beta of 0.74. The company has a current ratio of 2.83, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $30.63 and its two-hundred day moving average price is $25.15. Kinross Gold has a 1 year low of $10.32 and a 1 year high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Tuesday, November 4th. The mining company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. Kinross Gold had a return on equity of 22.25% and a net margin of 27.30%.The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue was up 25.8% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KGC. Generali Asset Management SPA SGR lifted its holdings in shares of Kinross Gold by 20.9% during the fourth quarter. Generali Asset Management SPA SGR now owns 64,638 shares of the mining company’s stock worth $1,820,000 after buying an additional 11,173 shares in the last quarter. MGO One Seven LLC grew its stake in shares of Kinross Gold by 397.2% in the fourth quarter. MGO One Seven LLC now owns 40,829 shares of the mining company’s stock valued at $1,150,000 after acquiring an additional 32,617 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Kinross Gold by 10.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 59,809 shares of the mining company’s stock worth $1,684,000 after acquiring an additional 5,582 shares during the period. PKO Investment Management Joint Stock Co raised its stake in Kinross Gold by 7.3% in the 4th quarter. PKO Investment Management Joint Stock Co now owns 482,806 shares of the mining company’s stock worth $13,624,000 after purchasing an additional 32,800 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Kinross Gold by 23.9% in the 4th quarter. Benjamin Edwards Inc. now owns 13,050 shares of the mining company’s stock valued at $367,000 after purchasing an additional 2,517 shares during the period. 63.69% of the stock is owned by institutional investors and hedge funds.

About Kinross Gold

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.