Kinross Gold FY2025 EPS Forecast Lowered by Raymond James

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Stock analysts at Raymond James dropped their FY2025 EPS estimates for shares of Kinross Gold in a research note issued on Monday, February 3rd. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.63 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 raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kinross Gold has an average rating of “Buy” and an average price target of $11.13.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at $11.87 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. The business’s 50 day moving average price is $10.07 and its 200 day moving average price is $9.67. The company has a market cap 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 has a one year low of $4.75 and a one year high of $12.02.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its holdings in shares of Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock worth $1,078,330,000 after acquiring an additional 44,610,091 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Kinross Gold by 634.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company’s stock valued at $36,971,000 after acquiring an additional 3,405,478 shares in the last quarter. Artemis Investment Management LLP boosted its stake in shares of Kinross Gold by 28.0% in the 3rd quarter. Artemis Investment Management LLP now owns 8,567,435 shares of the mining company’s stock valued at $80,191,000 after buying an additional 1,871,939 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Kinross Gold during the 3rd quarter worth approximately $14,193,000. Finally, Toronto Dominion Bank grew its stake in shares of Kinross Gold by 115.7% during the third quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock worth $19,455,000 after purchasing an additional 1,114,801 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.