Analysts Issue Forecasts for Kinross Gold FY2025 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Raymond James dropped their FY2025 earnings estimates for shares of Kinross Gold in a research note issued to investors on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the company will post earnings per share of $0.91 for the year, down from their previous forecast of $1.18. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

A number of other brokerages also recently issued reports on K. National Bankshares lifted their price target on Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus boosted their target price on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$16.70.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at C$17.01 on Thursday. The business’s 50 day moving average price is C$14.50 and its 200 day moving average price is C$13.50. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. The company has a market cap of C$20.92 billion, a price-to-earnings ratio of 31.50, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a one year low of C$6.46 and a one year high of C$17.17.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.33 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.08. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. During the same quarter in the previous year, the firm earned $0.16 earnings per share.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$14.22, for a total transaction of C$1,421,710.00. Also, Director Jonathan Paul Rollinson sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$14.01, for a total transaction of C$2,802,000.00. Insiders have sold a total of 1,608,122 shares of company stock valued at $22,536,883 in the last quarter. Insiders own 0.26% of the company’s stock.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.