National Bank Financial Predicts Kinross Gold Q4 Earnings

Kinross Gold Co. (NYSE:KGC) (TSE:K) – National Bank Financial issued their Q4 2024 EPS estimates for Kinross Gold in a report issued on Monday, February 10th. National Bank Financial analyst M. Parkin anticipates that the mining company will post earnings per share of $0.25 for the quarter. The consensus estimate for Kinross Gold’s current full-year earnings is $0.73 per share. National Bank Financial also issued estimates for Kinross Gold’s FY2025 earnings at $1.08 EPS.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%.

Several other brokerages have also weighed in on KGC. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. CIBC raised their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $11.63.

Kinross Gold Price Performance

KGC opened at $11.41 on Wednesday. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 0.67 and a beta of 1.24. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. Kinross Gold has a twelve month low of $4.75 and a twelve month high of $12.28. The company has a fifty day simple moving average of $10.33 and a 200 day simple moving average of $9.80.

Institutional Trading of Kinross Gold

Several hedge funds have recently bought and sold shares of KGC. Jones Financial Companies Lllp raised its position in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after buying an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its position in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after buying an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Kinross Gold in the 4th quarter worth approximately $42,000. Global Retirement Partners LLC raised its holdings in shares of Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 19.67%.

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.