FY2026 EPS Forecast for Kinross Gold Decreased by Analyst

Key Points

• Scotiabank trimmed its FY2026 EPS estimate for Kinross Gold to $2.35 from $2.36, below the $2.39 consensus; it maintained an Outperform rating and a $39 price target.
• Analyst sentiment remains generally positive: MarketBeat reports a Moderate Buy consensus and an average price target of $37.98, with 15 Buy or Strong Buy ratings and two Hold ratings.
• Kinross reported quarterly EPS of $0.50, beating the $0.46 consensus, but revenue of $1.75 billion fell short of the $1.94 billion estimate. It also announced a quarterly dividend of $0.04 per share.

Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K - Analysts at Scotiabank cut their FY2026 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 earn $2.35 per share for the year, down from their prior estimate 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.

Several other equities analysts have also recently issued reports on KGC. Bank of America decreased their target price on Kinross Gold from $40.00 to $39.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. TD Securities cut 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. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, July 31st. Zacks Research raised shares of Kinross Gold from a "strong sell" rating to a "hold" rating in a research report on Monday, September 7th. 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 investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.98.

Kinross Gold Price Performance

Shares of KGC stock opened at $21.40 on Thursday. The firm has a market cap of $25.21 billion, a P/E ratio of 7.70, a P/E/G ratio of 0.65 and a beta of 0.83. Kinross Gold has a fifty-two week low of $19.70 and a fifty-two week high of $39.11. The business's 50 day moving average price is $25.69 and its 200-day moving average price is $28.65. 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 - Get Free Report) 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. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.94 billion. Kinross Gold had a return on equity of 32.84% and a net margin of 37.62%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KGC. Renaissance Technologies LLC grew its position in Kinross Gold by 2.3% during the 1st quarter. Renaissance Technologies LLC now owns 25,546,413 shares of the mining company's stock valued at $779,677,000 after purchasing an additional 571,100 shares during the last quarter. Man Group plc purchased a new position in Kinross Gold in the second quarter worth about $298,152,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Kinross Gold in the second quarter worth about $264,652,000. Bank of America Corp DE lifted its stake in shares of Kinross Gold by 11.4% in the second quarter. Bank of America Corp DE now owns 10,822,887 shares of the mining company's stock worth $255,637,000 after buying an additional 1,106,837 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Kinross Gold in the second quarter worth approximately $244,762,000. Institutional investors own 63.69% of the company's stock.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. Kinross Gold's dividend payout ratio is 6.04%.

About Kinross Gold

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.

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