Q4 EPS Estimates for Kinross Gold Lowered by Stifel Canada

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Equities researchers at Stifel Canada reduced their Q4 2024 earnings per share (EPS) estimates for Kinross Gold in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the mining company will post earnings of $0.20 per share for the quarter, down from their prior estimate of $0.23. The consensus estimate for Kinross Gold’s current full-year earnings is $0.72 per share. Stifel Canada also issued estimates for Kinross Gold’s FY2025 earnings at $0.79 EPS and FY2026 earnings at $0.80 EPS.

Separately, StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $11.13.

Kinross Gold Trading Up 3.4 %

KGC opened at $11.87 on Thursday. Kinross Gold has a 1-year low of $4.75 and a 1-year high of $12.02. The stock has a market capitalization of $14.58 billion, a PE ratio of 19.45, a PEG ratio of 0.61 and a beta of 1.23. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $10.07 and a two-hundred day moving average price of $9.67.

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

Hedge Funds Weigh In On Kinross Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of KGC. Private Advisor Group LLC raised its position in shares of Kinross Gold by 8.7% in the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock valued at $115,000 after acquiring an additional 981 shares during the period. Atomi Financial Group Inc. increased its stake in Kinross Gold by 4.9% in the fourth 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. raised its holdings in Kinross Gold by 2.7% in the third quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock worth $447,000 after purchasing an additional 1,235 shares during the period. Jones Financial Companies Lllp boosted its position 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 worth $25,000 after purchasing an additional 1,412 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Kinross Gold by 9.6% in the 4th 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 owned by institutional investors.

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.