Analysts Offer Predictions for Kinross Gold FY2024 Earnings

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of Kinross Gold in a research report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the mining company will earn $0.74 per share for the year, down from their prior estimate of $0.82. The consensus estimate for Kinross Gold’s current full-year earnings is $0.73 per share.

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

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

Kinross Gold Stock Up 0.9 %

Shares of NYSE KGC opened at $12.17 on Thursday. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $10.29 and a 200-day moving average of $9.79. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 0.67 and a beta of 1.24. Kinross Gold has a 12 month low of $4.75 and a 12 month high of $12.28.

Institutional Trading of Kinross Gold

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capstone Investment Advisors LLC bought a new stake in shares of Kinross Gold in the 3rd quarter worth approximately $774,000. Mediolanum International Funds Ltd purchased a new position in Kinross Gold in the 4th quarter worth $2,506,000. International Assets Investment Management LLC bought a new stake in Kinross Gold in the third quarter worth $780,000. Geode Capital Management LLC boosted its position in Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock valued at $54,803,000 after buying an additional 828,456 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Kinross Gold by 25.7% during the third quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock valued at $3,186,000 after buying an additional 69,520 shares during the last quarter. Hedge funds and other 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.