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As you might know, Kinross Gold Corporation (TSE:K) just kicked off its latest quarterly results with some very strong numbers. The company beat forecasts, with revenue of US$1.4b, some 8.8% above estimates, and statutory earnings per share (EPS) coming in at US$0.29, 41% ahead of expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
View our latest analysis for Kinross Gold
After the latest results, the ten analysts covering Kinross Gold are now predicting revenues of US$5.29b in 2025. If met, this would reflect a solid 9.2% improvement in revenue compared to the last 12 months. Per-share earnings are expected to leap 29% to US$0.77. Before this earnings report, the analysts had been forecasting revenues of US$5.03b and earnings per share (EPS) of US$0.73 in 2025. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.
Althoughthe analysts have upgraded their earnings estimates, there was no change to the consensus price target of CA$16.61, suggesting that the forecast performance does not have a long term impact on the company's valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Kinross Gold analyst has a price target of CA$19.91 per share, while the most pessimistic values it at CA$8.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Kinross Gold's rate of growth is expected to accelerate meaningfully, with the forecast 7.3% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 4.5% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 16% annually. It seems obvious that, while the future growth outlook is brighter than the recent past, Kinross Gold is expected to grow slower than the wider industry.