Q1 2021 EPS Estimates for Kinross Gold Co. (NYSE:KGC) Lowered by Analyst


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Kinross Gold Co. (NYSE:KGC) (TSE:K) – Equities researchers at Cormark lowered their Q1 2021 earnings estimates for shares of Kinross Gold in a report issued on Monday, April 12th. Cormark analyst R. Gray now anticipates that the mining company will post earnings per share of $0.17 for the quarter, down from their previous estimate of $0.21.

KGC has been the topic of a number of other research reports. Raymond James reduced their target price on Kinross Gold from $11.00 to $10.50 and set an “outperform” rating on the stock in a research note on Tuesday, April 6th. TD Securities cut their price target on Kinross Gold from $14.00 to $13.50 and set a “buy” rating for the company in a report on Friday, February 12th. JPMorgan Chase & Co. initiated coverage on Kinross Gold in a report on Wednesday, February 10th. They issued a “focus list” rating for the company. Barclays boosted their price target on Kinross Gold from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Thursday, February 11th. Finally, National Bank Financial reiterated an “outperform” rating on shares of Kinross Gold in a report on Monday, January 11th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $11.57.

KGC stock opened at $7.46 on Wednesday. Kinross Gold has a 1 year low of $5.70 and a 1 year high of $10.31. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 1.76. The stock’s 50 day moving average price is $6.80 and its 200 day moving average price is $7.47. The firm has a market cap of $9.41 billion, a P/E ratio of 8.78 and a beta of 0.79.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Tuesday, February 9th. The mining company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Kinross Gold had a return on equity of 14.20% and a net margin of 26.92%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company earned $0.13 EPS. Kinross Gold’s revenue was up 20.0% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in Kinross Gold by 5.3% in the 4th quarter. Signaturefd LLC now owns 36,469 shares of the mining company’s stock valued at $268,000 after purchasing an additional 1,832 shares in the last quarter. Advisor Partners LLC increased its holdings in Kinross Gold by 4.0% in the 3rd quarter. Advisor Partners LLC now owns 48,206 shares of the mining company’s stock valued at $425,000 after purchasing an additional 1,859 shares in the last quarter. Credit Agricole S A increased its holdings in Kinross Gold by 18.4% in the 4th quarter. Credit Agricole S A now owns 12,851 shares of the mining company’s stock valued at $94,000 after purchasing an additional 2,000 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Kinross Gold by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 409,234 shares of the mining company’s stock valued at $3,004,000 after purchasing an additional 2,151 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Kinross Gold by 6.7% in the 4th quarter. US Bancorp DE now owns 44,991 shares of the mining company’s stock valued at $332,000 after purchasing an additional 2,836 shares in the last quarter. Hedge funds and other institutional investors own 51.64% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 18th. Investors of record on Wednesday, March 3rd were issued a $0.03 dividend. The ex-dividend date was Tuesday, March 2nd. This represents a $0.12 annualized dividend and a yield of 1.61%. Kinross Gold’s dividend payout ratio is currently 35.29%.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

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Earnings History and Estimates for Kinross Gold (NYSE:KGC)

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