Kinross Gold Stock Gets Lower EPS Estimate from Scotiabank

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Research analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for Kinross Gold in a note issued to investors on Monday, November 2nd. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $2.35 per share for the year, down from their previous forecast of $2.36. Scotiabank currently has an “Outperform” rating and a $39.00 target price on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $2.39 per share. Scotiabank also issued estimates for Kinross Gold’s FY2027 earnings at $2.40 EPS.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group decreased their target price on Kinross Gold from $52.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. TD dropped their price target on shares of Kinross Gold from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. Citigroup reiterated a “buy” rating on shares of Kinross Gold in a research note on Monday, September 28th. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, July 31st. Finally, Scotia decreased their price objective on shares of Kinross Gold from $41.00 to $39.00 and set a “sector outperform” rating for the company in a report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.98.

Kinross Gold Price Performance

NYSE KGC opened at $21.40 on Thursday. Kinross Gold has a one year low of $19.70 and a one year high of $39.11. The stock has a 50-day moving average of $25.69 and a 200 day moving average of $28.65. The company has a market capitalization of $25.21 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.65 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.89 and a current ratio of 2.87.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, October 28th. The mining company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Kinross Gold had a return on equity of 32.84% and a net margin of 37.62%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.94 billion.

Institutional Trading of Kinross Gold

Several large investors have recently modified their holdings of KGC. Caitlin John LLC increased its position in Kinross Gold by 42.1% during the second quarter. Caitlin John LLC now owns 1,350 shares of the mining company’s stock valued at $32,000 after acquiring an additional 400 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. boosted its position in Kinross Gold by 0.4% in the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 141,100 shares of the mining company’s stock worth $3,329,000 after purchasing an additional 500 shares during the last quarter. Fulcrum Asset Management LLP boosted its position in Kinross Gold by 0.8% in the third quarter. Fulcrum Asset Management LLP now owns 70,118 shares of the mining company’s stock worth $1,694,000 after purchasing an additional 560 shares during the last quarter. AlphaCentric Advisors LLC boosted its position in Kinross Gold by 7.8% in the third quarter. AlphaCentric Advisors LLC now owns 8,086 shares of the mining company’s stock worth $195,000 after purchasing an additional 582 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Kinross Gold by 80.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,355 shares of the mining company’s stock valued at $41,000 after purchasing an additional 605 shares during the period. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 19th. Kinross Gold’s dividend payout ratio (DPR) is 6.04%.

Kinross Gold Company Profile

Kinross Gold Corporation is a Canadian gold mining company headquartered in Toronto, Ontario. Founded in 1993, the company explores for, develops and operates gold mines, with silver produced as a byproduct at some operations.

Kinross’s producing assets have included mines in the United States, Brazil, Chile and Mauritania. Its operations have included Fort Knox in Alaska, Round Mountain and Bald Mountain in Nevada, Paracatu in Brazil, La Coipa in Chile and Tasiast in Mauritania. The company also pursues exploration and development projects intended to support future production.

Kinross sells the gold it produces to customers in international bullion markets and manages activities spanning mine development, extraction, processing and reclamation.