Stifel Canada Has Negative View of Kinross Gold Q4 Earnings

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Research analysts at Stifel Canada reduced their Q4 2024 earnings estimates for Kinross Gold in a report issued 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 previous 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.

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

Kinross Gold Trading Down 0.2 %

KGC opened at $11.89 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. The stock’s 50 day moving average price is $10.15 and its 200-day moving average price is $9.70. Kinross Gold has a one year low of $4.75 and a one year high of $12.05. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 0.61 and a beta of 1.23.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KGC. Jones Financial Companies Lllp raised its holdings in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after acquiring an additional 1,412 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Kinross Gold in the fourth quarter worth approximately $42,000. Global Retirement Partners LLC lifted its holdings in Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after buying an additional 4,788 shares during the period. Avior Wealth Management LLC increased its holdings in shares of Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after acquiring an additional 5,140 shares during the period. Finally, Valley National Advisers Inc. bought a new position in shares of Kinross Gold in the 4th quarter worth $92,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.