Desjardins Comments on Kinross Gold FY2027 Earnings

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Investment analysts at Desjardins issued their FY2027 earnings estimates for shares of Kinross Gold in a research report issued to clients and investors on Thursday, November 27th. Desjardins analyst B. Adams expects that the mining company will post earnings of $2.51 per share for the year. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Tuesday, November 4th. The mining company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the company posted $0.24 EPS. The firm’s quarterly revenue was up 25.8% on a year-over-year basis.

A number of other equities research analysts have also recently weighed in on the company. Wall Street Zen cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday. UBS Group raised their target price on Kinross Gold from $31.00 to $33.00 and gave the company a “buy” rating in a report on Monday. TD Securities boosted their price target on shares of Kinross Gold from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a “buy (a)” rating on shares of Kinross Gold in a research report on Friday, October 31st. Finally, Raymond James Financial raised their price objective on shares of Kinross Gold from $20.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 10th. Four research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $27.94.

Kinross Gold Stock Down 3.1%

Shares of NYSE KGC opened at $27.47 on Monday. The company has a quick ratio of 1.45, a current ratio of 2.84 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $24.96 and its two-hundred day moving average is $20.18. Kinross Gold has a 52-week low of $8.99 and a 52-week high of $28.81. The firm has a market cap of $33.17 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 0.42 and a beta of 0.74.

Kinross Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.5%. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, November 26th. Kinross Gold’s dividend payout ratio is 9.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd raised its holdings in shares of Kinross Gold by 47.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 243,902 shares of the mining company’s stock valued at $6,059,000 after purchasing an additional 79,023 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Kinross Gold by 273.0% during the third quarter. CIBC Private Wealth Group LLC now owns 5,233 shares of the mining company’s stock worth $130,000 after purchasing an additional 3,830 shares in the last quarter. Tcfg Wealth Management LLC purchased a new position in Kinross Gold in the third quarter valued at $338,000. Achmea Investment Management B.V. increased its holdings in Kinross Gold by 0.5% in the third quarter. Achmea Investment Management B.V. now owns 1,016,357 shares of the mining company’s stock valued at $25,230,000 after buying an additional 5,200 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in Kinross Gold in the third quarter valued at $538,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

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.