FY2027 EPS Estimates for Kinross Gold Boosted by Scotiabank

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Equities research analysts at Scotiabank increased their FY2027 EPS estimates for shares of Kinross Gold in a report released on Tuesday, August 4th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $2.69 per share for the year, up from their previous estimate of $2.65. Scotiabank currently has a “Sector Outperform” rating and a $41.00 target price on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $2.63 per share.

KGC has been the topic of several other research reports. Freedom Capital raised Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Wall Street Zen downgraded Kinross Gold from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Royal Bank Of Canada reduced their price objective on shares of Kinross Gold from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 31st. Finally, Weiss Ratings lowered shares of Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.43.

Kinross Gold Price Performance

KGC stock opened at $25.67 on Friday. Kinross Gold has a 52-week low of $18.44 and a 52-week high of $39.11. The company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The stock has a market cap of $30.45 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.69 and a beta of 0.78. The business has a fifty day moving average of $24.92 and a two-hundred day moving average of $29.66.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The firm’s quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 20th. Kinross Gold’s payout ratio is currently 6.06%.

Institutional Trading of Kinross Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in shares of Kinross Gold in the fourth quarter valued at approximately $26,000. Financial Management Professionals Inc. acquired a new stake in Kinross Gold during the 4th quarter worth approximately $26,000. Virtus Advisers LLC acquired a new stake in shares of Kinross Gold in the third quarter valued at $28,000. Ascentis Independent Advisors purchased a new position in shares of Kinross Gold in the 1st quarter valued at about $29,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in Kinross Gold by 85.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company’s stock worth $32,000 after acquiring an additional 589 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

About Kinross Gold

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.