Q4 EPS Estimates for Kinross Gold Decreased by Stifel Canada

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Analysts at Stifel Canada reduced their Q4 2024 EPS estimates for shares of Kinross Gold in a research note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the mining company will post earnings of $0.20 per share for the quarter, down from their prior forecast 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.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping the consensus estimate 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. The firm’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS.

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

Kinross Gold Stock Performance

KGC opened at $11.87 on Thursday. Kinross Gold has a 12-month low of $4.75 and a 12-month high of $12.02. The firm has a market capitalization of $14.58 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 0.61 and a beta of 1.23. The stock’s 50 day moving average price is $10.07 and its two-hundred day moving average price is $9.67. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.

Institutional Trading of Kinross Gold

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of Kinross Gold by 89.7% during the 2nd quarter. AQR Capital Management LLC now owns 50,631 shares of the mining company’s stock worth $421,000 after buying an additional 23,946 shares during the period. Creative Planning raised its stake in Kinross Gold by 48.6% during the second quarter. Creative Planning now owns 64,256 shares of the mining company’s stock worth $535,000 after acquiring an additional 21,004 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Kinross Gold by 18.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock valued at $119,000 after acquiring an additional 2,180 shares during the period. Truist Financial Corp boosted its stake in shares of Kinross Gold by 33.2% in the 2nd quarter. Truist Financial Corp now owns 161,900 shares of the mining company’s stock valued at $1,347,000 after purchasing an additional 40,371 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of Kinross Gold by 70.8% in the 3rd quarter. Fulton Bank N.A. now owns 29,548 shares of the mining company’s stock worth $277,000 after purchasing an additional 12,252 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Company Profile

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.