Kinross Gold FY2025 EPS Estimate Reduced by Raymond James

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Analysts at Raymond James dropped their FY2025 EPS estimates for shares of Kinross Gold in a research report issued on Monday, February 3rd. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.63 per share for the year, down from their prior estimate of $0.85. The consensus estimate for Kinross Gold’s current full-year earnings is $0.72 per share.

Separately, StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $11.13.

Kinross Gold Trading Up 3.4 %

KGC opened at $11.87 on Thursday. Kinross Gold has a one year low of $4.75 and a one year high of $12.02. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The business has a 50 day simple moving average of $10.07 and a two-hundred day simple moving average of $9.67. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 0.61 and a beta of 1.24.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 EPS.

Hedge Funds Weigh In On Kinross Gold

A number of hedge funds have recently added to or reduced their stakes in KGC. Private Advisor Group LLC lifted its stake in Kinross Gold by 8.7% in the third quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock worth $115,000 after acquiring an additional 981 shares during the period. Atomi Financial Group Inc. raised its holdings in shares of Kinross Gold by 4.9% in the 4th quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock valued at $219,000 after purchasing an additional 1,106 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Kinross Gold by 2.7% during the third quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock valued at $447,000 after purchasing an additional 1,235 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after purchasing an additional 1,412 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Kinross Gold by 9.6% during the fourth quarter. Blue Trust Inc. now owns 23,411 shares of the mining company’s stock valued at $219,000 after buying an additional 2,060 shares during the period. 63.69% of the stock is currently owned by institutional investors.

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.