National Bank Financial Estimates Kinross Gold Q4 Earnings

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Stock analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for Kinross Gold in a research report issued on Monday, February 10th. National Bank Financial analyst M. Parkin anticipates that the mining company will post earnings per share of $0.25 for the quarter. The consensus estimate for Kinross Gold’s current full-year earnings is $0.73 per share. National Bank Financial also issued estimates for Kinross Gold’s FY2025 earnings at $1.08 EPS.

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

Kinross Gold Trading Down 0.5 %

Shares of KGC stock opened at $12.07 on Wednesday. The stock has a market cap of $14.83 billion, a P/E ratio of 19.78, a P/E/G ratio of 0.67 and a beta of 1.24. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. Kinross Gold has a fifty-two week low of $4.75 and a fifty-two week high of $12.28. The business has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $9.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC purchased a new stake in Kinross Gold in the 3rd quarter valued at about $774,000. Mediolanum International Funds Ltd acquired a new position in Kinross Gold during the fourth quarter worth approximately $2,506,000. International Assets Investment Management LLC purchased a new position in Kinross Gold during the third quarter worth approximately $780,000. Geode Capital Management LLC boosted its holdings in shares of Kinross Gold by 16.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock valued at $54,803,000 after purchasing an additional 828,456 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Kinross Gold by 25.7% during the 3rd 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 period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.