FY2026 EPS Estimates for Kinross Gold Lowered by Scotiabank

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Equities research analysts at Scotiabank reduced their FY2026 EPS estimates for Kinross Gold in a research note issued to investors on Friday, September 25th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $2.36 for the year, down from their previous estimate of $2.65. Scotiabank has a “Outperform” rating and a $39.00 price target on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $2.47 per share.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, July 29th. The mining company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.24 billion. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. The firm’s revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS.

A number of other research firms have also recently commented on KGC. TD Securities reduced their price objective on Kinross Gold from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Citigroup reissued a “buy” rating on shares of Kinross Gold in a research report on Monday. Scotia cut their price target on Kinross Gold from $41.00 to $39.00 and set a “sector outperform” rating for the company in a research note on Thursday, September 24th. Zacks Research raised shares of Kinross Gold from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Weiss Ratings cut shares of Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.70.

Kinross Gold Stock Performance

KGC stock opened at $24.06 on Monday. The company has a market cap of $28.50 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 0.63 and a beta of 0.84. Kinross Gold has a 1 year low of $22.01 and a 1 year high of $39.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 1.95. The stock’s fifty day moving average price is $27.74 and its 200-day moving average price is $28.24.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 20th. Kinross Gold’s dividend payout ratio is 6.06%.

Hedge Funds Weigh In On Kinross Gold

A number of institutional investors have recently bought and sold shares of KGC. Allianz Asset Management GmbH increased its stake in Kinross Gold by 17.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 9,596,638 shares of the mining company’s stock worth $227,141,000 after buying an additional 1,395,576 shares in the last quarter. U S Global Investors Inc. lifted its position in shares of Kinross Gold by 95.4% in the first quarter. U S Global Investors Inc. now owns 195,363 shares of the mining company’s stock valued at $5,962,000 after acquiring an additional 95,363 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in shares of Kinross Gold in the first quarter valued at about $2,263,000. TD Asset Management Inc lifted its position in shares of Kinross Gold by 4.7% in the fourth quarter. TD Asset Management Inc now owns 5,879,190 shares of the mining company’s stock valued at $165,814,000 after acquiring an additional 261,861 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Kinross Gold in the second quarter worth about $217,800,000. 63.69% of the stock is owned by institutional investors.

Kinross Gold Company Profile

Kinross Gold Corporation is a Canadian gold mining company engaged in the acquisition, exploration, development and operation of gold properties. Its primary product is gold, which it produces through a portfolio of open-pit and underground mining operations, supported by processing facilities and related infrastructure.

The company’s operating portfolio spans the Americas and West Africa. Its assets include the Tasiast mine in Mauritania; the Paracatu mine in Brazil; the La Coipa mine in Chile; and the Fort Knox and Round Mountain mines in the United States.