FY2026 EPS Estimates for Kinross Gold Boosted by Scotiabank

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Equities researchers at Scotiabank raised their FY2026 earnings per share (EPS) estimates for Kinross Gold in a report issued on Wednesday, May 6th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $2.76 per share for the year, up from their prior forecast of $2.75. Scotiabank currently has a “Outperform” rating and a $45.00 target price on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $2.90 per share.

A number of other analysts have also issued reports on the company. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce set a $54.00 price target on Kinross Gold in a research note on Wednesday, February 4th. Zacks Research lowered Kinross Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. TD Securities lowered their price target on Kinross Gold from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Finally, Weiss Ratings lowered Kinross Gold from a “buy (a+)” rating to a “buy (a-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.81.

Kinross Gold Stock Performance

Shares of NYSE:KGC opened at $30.78 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.84 and a quick ratio of 1.83. The business’s 50 day moving average price is $31.92 and its 200-day moving average price is $30.16. The firm has a market capitalization of $36.75 billion, a PE ratio of 13.04, a P/E/G ratio of 1.04 and a beta of 0.73. Kinross Gold has a 1 year low of $13.28 and a 1 year high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.The business’s revenue was up 60.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Kinross Gold’s payout ratio is 6.78%.

Hedge Funds Weigh In On Kinross Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its position in Kinross Gold by 35.1% in the first quarter. AQR Capital Management LLC now owns 70,370 shares of the mining company’s stock valued at $887,000 after purchasing an additional 18,287 shares during the period. Caxton Associates LLP purchased a new stake in Kinross Gold in the first quarter valued at $158,000. Sivia Capital Partners LLC purchased a new stake in Kinross Gold in the second quarter valued at $167,000. M&T Bank Corp raised its position in Kinross Gold by 9.0% in the second quarter. M&T Bank Corp now owns 16,153 shares of the mining company’s stock valued at $252,000 after purchasing an additional 1,328 shares during the period. Finally, AXA S.A. purchased a new stake in Kinross Gold in the second quarter valued at $2,483,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Company Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.