National Bank Financial Predicts Kinross Gold Q4 Earnings

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Research analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for Kinross Gold in a report issued on Monday, February 10th. National Bank Financial analyst M. Parkin expects that the mining company will earn $0.25 per share 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 research note 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. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $11.13.

Kinross Gold Stock Down 0.5 %

Shares of NYSE:KGC opened at $12.07 on Wednesday. The firm has a 50 day simple moving average of $10.25 and a 200-day simple moving average of $9.76. Kinross Gold has a twelve month low of $4.75 and a twelve month high of $12.28. 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 company has a market capitalization of $14.83 billion, a PE ratio of 19.78, a P/E/G ratio of 0.67 and a beta of 1.24.

Institutional Trading of Kinross Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock valued at $1,078,330,000 after buying an additional 44,610,091 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Kinross Gold by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company’s stock valued at $439,881,000 after acquiring an additional 763,248 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company’s stock worth $136,028,000 after acquiring an additional 1,398,225 shares during the period. First Eagle Investment Management LLC raised its holdings in Kinross Gold by 80.9% during the fourth quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company’s stock worth $116,898,000 after purchasing an additional 5,639,383 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in Kinross Gold by 0.7% during the third quarter. National Bank of Canada FI now owns 9,612,585 shares of the mining company’s stock worth $90,022,000 after purchasing an additional 70,376 shares in the last quarter. 63.69% of the stock is 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.