TD Lowers Kinross Gold (NYSE:KGC) Price Target to $35.00

Key Points

• TD lowered Kinross Gold’s price target to $35 from $40 but maintained a “buy” rating, implying approximately 45% upside from the stock’s $24.14 closing price. The analyst consensus remains “Moderate Buy,” with an average target of $38.10.
• Kinross shares fell sharply to $24.14, near their 12-month low of $22.01, while trading below both their 50-day and 200-day moving averages.
• The company reported quarterly EPS of $0.71, beating estimates of $0.66, while revenue rose 29.5% year over year to $2.22 billion but came in slightly below expectations.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K had its target price decreased by equities research analysts at TD from $40.00 to $35.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage currently has a "buy" rating on the mining company's stock. TD's price objective indicates a potential upside of 44.98% from the stock's current price.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Kinross Gold from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. UBS Group dropped their price objective on shares of Kinross Gold from $38.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Scotia reduced their target price on shares of Kinross Gold from $41.00 to $39.00 and set a "sector outperform" rating for the company in a research note on Thursday. TD Securities 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 research note on Thursday. Finally, Royal Bank Of Canada reduced their price objective on Kinross Gold from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Kinross Gold presently has an average rating of "Moderate Buy" and a consensus target price of $38.10.

Kinross Gold Stock Performance

KGC traded down $3.48 on Thursday, hitting $24.14. 14,259,855 shares of the company's stock were exchanged, compared to its average volume of 9,410,186. The company has a current ratio of 2.89, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average of $27.63 and a two-hundred day moving average of $28.41. Kinross Gold has a twelve month low of $22.01 and a twelve month high of $39.11. The firm has a market cap of $28.60 billion, a PE ratio of 9.15, a P/E/G ratio of 0.70 and a beta of 0.84.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.05. The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.24 billion. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The business's quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. On average, research analysts anticipate that Kinross Gold will post 2.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kinross Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Andra AP fonden raised its holdings in shares of Kinross Gold by 10.0% during the second quarter. Andra AP fonden now owns 867,872 shares of the mining company's stock valued at $20,499,000 after acquiring an additional 78,900 shares during the period. Baird Financial Group Inc. acquired a new position in Kinross Gold in the 2nd quarter worth approximately $995,000. Nykredit A S purchased a new position in Kinross Gold during the 2nd quarter worth approximately $10,711,000. Allianz Asset Management GmbH grew its position in Kinross Gold by 17.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 9,596,638 shares of the mining company's stock worth $227,141,000 after purchasing an additional 1,395,576 shares in the last quarter. Finally, Corient Private Wealth LP raised its stake in Kinross Gold by 2.0% during the 2nd quarter. Corient Private Wealth LP now owns 53,928 shares of the mining company's stock valued at $1,274,000 after purchasing an additional 1,064 shares during the period. Institutional investors and hedge funds own 63.69% of the company's stock.

More Kinross Gold News

Here are the key news stories impacting Kinross Gold this week:

• Positive Sentiment: Kinross raised its 2026 return-of-capital target to 50% of free cash flow, potentially supporting shareholder distributions despite the operational setbacks. Kinross Gold Updates Production Outlook, Raises Capital Return Target
• Positive Sentiment: Scotiabank maintained a sector outperform rating, although it lowered its price target from $41 to $39. Other recent analyst targets remain above the current market level, indicating that some analysts still see substantial upside if operating performance improves. Scotiabank Adjusts Kinross Gold Price Target
• Neutral Sentiment: Institutional positioning was mixed in the latest reported quarter, with some large investors adding shares while others reduced their holdings. This provides no clear near-term directional signal for KGC.
• Negative Sentiment: Kinross now expects 2026 and 2027 attributable production of approximately 1.84 million to 1.86 million gold-equivalent ounces annually, or 2% to 3% below the low end of its prior guidance. Kinross Gold Lowers 2026 and 2027 Gold Production Outlook
• Negative Sentiment: The company raised its 2026 cost guidance to approximately $1,420–$1,460 per ounce for production cost of sales and $1,850–$1,900 per ounce for all-in sustaining costs. Higher costs threaten margins and free cash flow.
• Negative Sentiment: Operational problems at La Coipa in Chile—including severe winter weather, lower mining rates, weaker mill throughput and recovery issues—and at Round Mountain in Nevada, where grades, recoveries and mining rates were below expectations, drove the outlook reduction. Kinross Gold Operational Update

About Kinross Gold

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.

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