Scotiabank Forecasts Kinross Gold’s FY2026 Earnings (TSE:K)

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities researchers at Scotiabank dropped their FY2026 EPS estimates for Kinross Gold in a note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $3.72 for the year, down from their previous estimate of $3.76. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Scotiabank also issued estimates for Kinross Gold’s FY2027 earnings at $3.72 EPS.

Several other equities research analysts also recently issued reports on K. Jefferies Financial Group cut their price objective on shares of Kinross Gold from C$41.00 to C$38.00 in a research report on Monday, July 6th. BMO Capital Markets upped their price objective on shares of Kinross Gold from C$45.00 to C$55.00 in a research report on Wednesday, April 22nd. Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. National Bank Financial reduced their price target on shares of Kinross Gold from C$57.50 to C$50.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Finally, ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price objective on the stock in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$49.29.

Kinross Gold Price Performance

Shares of Kinross Gold stock opened at C$31.67 on Friday. The company has a debt-to-equity ratio of 8.12, a quick ratio of 1.11 and a current ratio of 2.84. The firm’s 50-day simple moving average is C$37.03 and its 200-day simple moving average is C$41.89. The firm has a market cap of C$37.82 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of -0.60 and a beta of 1.49. Kinross Gold has a twelve month low of C$20.99 and a twelve month high of C$53.57.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.99 earnings per share (EPS) for the quarter. Kinross Gold had a net margin of 36.03% and a return on equity of 34.63%. The company had revenue of C$3.35 billion during the quarter.

Insiders Place Their Bets

In other news, insider Lucas Crosby sold 791 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$39.12, for a total value of C$30,943.92. Following the completion of the sale, the insider owned 33,988 shares in the company, valued at C$1,329,610.56. This represents a 2.27% decrease in their ownership of the stock. Also, insider Stephen Kerrigan sold 791 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$39.12, for a total value of C$30,943.92. Following the sale, the insider directly owned 84,936 shares of the company’s stock, valued at C$3,322,696.32. The trade was a 0.92% decrease in their ownership of the stock. In the last ninety days, insiders sold 38,582 shares of company stock valued at $1,572,318. Corporate insiders own 0.26% of the company’s stock.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.