Kinross Gold (NYSE:KGC) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Kinross Gold (NYSE:KGC) (TSE:K) to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports. Stifel Canada also issued estimates for Kinross Gold’s FY2025 earnings at $0.80 EPS, FY2026 earnings at $0.70 EPS, FY2027 earnings at $0.56 EPS and FY2028 earnings at $0.19 EPS.

Other research analysts have also recently issued research reports about the stock. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Friday, March 14th. CIBC raised their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kinross Gold currently has a consensus rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Trading Down 1.3 %

NYSE KGC opened at $12.17 on Wednesday. The company has a fifty day simple moving average of $11.21 and a two-hundred day simple moving average of $10.25. The stock has a market cap of $14.95 billion, a P/E ratio of 15.80, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold has a 12-month low of $5.64 and a 12-month high of $12.39. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. On average, analysts forecast that Kinross Gold will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.99%. Kinross Gold’s dividend payout ratio is presently 15.58%.

Institutional Trading of Kinross Gold

Several institutional investors have recently modified their holdings of the stock. Signaturefd LLC grew its position in shares of Kinross Gold by 2.2% in the fourth quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock valued at $381,000 after purchasing an additional 865 shares during the period. Mark Sheptoff Financial Planning LLC boosted its position in Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after acquiring an additional 1,002 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Kinross Gold by 2.4% during the fourth quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company’s stock worth $423,000 after acquiring an additional 1,079 shares during the last quarter. Schechter Investment Advisors LLC boosted its position in Kinross Gold by 2.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock worth $367,000 after acquiring an additional 1,080 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in Kinross Gold by 4.9% during the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock worth $219,000 after acquiring an additional 1,106 shares during the last quarter. Institutional investors and hedge funds 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.