FY2026 EPS Estimate for Kinross Gold Decreased by Analyst

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Scotiabank lowered their FY2026 EPS estimates for shares of Kinross Gold in a research note issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $2.65 per share for the year, down from their prior estimate of $2.76. Scotiabank has a “Sector Outperform” rating and a $41.00 price objective on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $2.65 per share.

KGC has been the topic of several other research reports. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Jefferies Financial Group reduced their target price on shares of Kinross Gold from $41.00 to $38.00 and set a “buy” rating for the company in a report on Monday, July 6th. Wall Street Zen cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 24th. Zacks Research downgraded Kinross Gold from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.31.

Kinross Gold Stock Performance

Shares of KGC opened at $22.61 on Monday. The firm has a market capitalization of $26.82 billion, a P/E ratio of 9.58, a PEG ratio of 0.61 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.84 and a quick ratio of 1.83. Kinross Gold has a one year low of $15.29 and a one year high of $39.11. The business has a fifty day moving average of $26.47 and a 200 day moving average of $30.35.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in Kinross Gold by 35.1% in the 1st quarter. AQR Capital Management LLC now owns 70,370 shares of the mining company’s stock worth $887,000 after buying an additional 18,287 shares in the last quarter. Caxton Associates LLP bought a new stake in Kinross Gold during the first quarter valued at about $158,000. Sivia Capital Partners LLC purchased a new position in shares of Kinross Gold in the second quarter valued at about $167,000. M&T Bank Corp lifted its position in shares of 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 acquiring an additional 1,328 shares in the last quarter. Finally, AXA S.A. purchased a new position in shares of Kinross Gold in the second quarter valued at about $2,483,000. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, May 21st. Kinross Gold’s dividend payout ratio (DPR) is presently 6.78%.

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.