Kinross Gold Co. (NYSE:KGC – Free Report) TSE: K – Equities researchers at Raymond James decreased their Q2 2024 earnings per share estimates for shares of Kinross Gold in a research note issued to investors on Wednesday, May 22nd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.11 for the quarter, down from their previous estimate of $0.12. The consensus estimate for Kinross Gold’s current full-year earnings is $0.50 per share. Raymond James also issued estimates for Kinross Gold’s Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.13 EPS and Q4 2025 earnings at $0.13 EPS.
Other analysts have also issued research reports about the stock. TheStreet cut shares of Kinross Gold from a “b” rating to a “c+” rating in a research report on Friday, February 16th. StockNews.com upgraded shares of Kinross Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. Scotiabank raised their price objective on shares of Kinross Gold from $8.00 to $9.50 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group boosted their target price on shares of Kinross Gold from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.59.
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Kinross Gold Price Performance
Shares of NYSE KGC opened at $8.07 on Monday. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 0.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.45. Kinross Gold has a 1-year low of $4.32 and a 1-year high of $8.23. The business has a 50-day moving average of $6.70 and a 200-day moving average of $5.96.
Kinross Gold (NYSE:KGC – Get Free Report) TSE: K last announced its quarterly earnings results on Tuesday, May 7th. The mining company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. Kinross Gold had a net margin of 9.86% and a return on equity of 9.34%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company earned $0.07 EPS. The firm’s revenue was up 16.4% on a year-over-year basis.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC lifted its holdings in Kinross Gold by 10.1% in the first quarter. Cetera Advisors LLC now owns 19,873 shares of the mining company’s stock worth $122,000 after purchasing an additional 1,828 shares during the period. 180 Wealth Advisors LLC lifted its stake in shares of Kinross Gold by 6.0% in the 4th quarter. 180 Wealth Advisors LLC now owns 38,057 shares of the mining company’s stock worth $225,000 after acquiring an additional 2,157 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Kinross Gold by 1.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 130,473 shares of the mining company’s stock valued at $790,000 after acquiring an additional 2,204 shares in the last quarter. PFG Investments LLC increased its stake in shares of Kinross Gold by 13.6% during the first quarter. PFG Investments LLC now owns 20,454 shares of the mining company’s stock valued at $125,000 after acquiring an additional 2,454 shares during the period. Finally, Metis Global Partners LLC raised its stake in shares of Kinross Gold by 7.6% in the 4th quarter. Metis Global Partners LLC now owns 42,784 shares of the mining company’s stock worth $259,000 after buying an additional 3,018 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.
Kinross Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.12 annualized dividend and a dividend yield of 1.49%. Kinross Gold’s dividend payout ratio is presently 33.33%.
Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the…
Read More: Raymond James Weighs in on Kinross Gold Co.’s Q2 2024 Earnings (NYSE:KGC)