Kinross Gold Stock Gets Weaker EPS Forecast from Scotiabank

Key Points

• Scotiabank lowered Kinross Gold’s FY2026 EPS forecast to $2.36 from $2.65, below the $2.47 consensus estimate, while maintaining an “Outperform” rating and a $39 price target.
• Analyst sentiment remains broadly positive: Kinross has a “Moderate Buy” consensus rating and an average price target of $37.70, despite several brokers recently reducing their targets.
• Kinross’s latest quarterly results exceeded expectations, with EPS of $0.71 versus $0.66 expected and revenue up 29.5% year over year; the company also pays a quarterly dividend of $0.04 per share.

Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K - Equities researchers at Scotiabank cut their FY2026 EPS estimates for Kinross Gold in a report released on Friday, September 25th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $2.36 per share for the year, down from their prior estimate of $2.65. Scotiabank currently has a "Outperform" rating and a $39.00 target price on the stock. The consensus estimate for Kinross Gold's current full-year earnings is $2.47 per share.

KGC has been the topic of several other research reports. TD decreased their target price on Kinross Gold from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday. Royal Bank Of Canada cut their price target on Kinross Gold from $40.00 to $39.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, July 31st. Scotia reduced their price target on shares of Kinross Gold from $41.00 to $39.00 and set a "sector outperform" rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group decreased their price objective on shares of Kinross Gold from $41.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Kinross Gold presently has a consensus rating of "Moderate Buy" and an average target price of $37.70.

Kinross Gold Trading Up 0.1%

Shares of KGC opened at $25.07 on Monday. The stock has a fifty day moving average price of $27.71 and a two-hundred day moving average price of $28.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.95 and a current ratio of 2.89. Kinross Gold has a 52-week low of $22.01 and a 52-week high of $39.11. The company has a market cap of $29.70 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.63 and a beta of 0.84.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its earnings results on Wednesday, July 29th. The mining company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $0.44 EPS. Kinross Gold's revenue was up 29.5% compared to the same quarter last year.

Institutional Trading of Kinross Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in Kinross Gold during the 1st quarter valued at about $29,000. Continuum Advisory LLC acquired a new stake in shares of Kinross Gold during the 2nd quarter worth approximately $26,000. Caitlin John LLC grew its position in shares of Kinross Gold by 42.1% during the 2nd quarter. Caitlin John LLC now owns 1,350 shares of the mining company's stock worth $32,000 after buying an additional 400 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Kinross Gold by 80.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,355 shares of the mining company's stock worth $41,000 after buying an additional 605 shares during the period. Finally, Manchester Capital Management LLC bought a new stake in shares of Kinross Gold during the fourth quarter worth approximately $40,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Kinross Gold's dividend payout ratio is 6.06%.

Key Stories Impacting Kinross Gold

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 the stock through higher dividends, buybacks or other shareholder distributions. Kinross Gold Updates Production Outlook, Raises Capital Return Target
• Positive Sentiment: Analysts remain broadly constructive despite lowering their targets. CIBC cut its target to $50 while maintaining an “outperformer” rating, and Scotia, Canaccord and TD retained “sector outperform” or “buy” ratings. Kinross Gold Stock Falls on Production Guidance Cuts and Price Target Reduction
• Neutral Sentiment: Unusually heavy call-option activity was reported, with investors purchasing approximately 17,609 calls—about 183% above average volume. This may signal speculative bullish interest but does not necessarily indicate sustained buying.
• Negative Sentiment: Kinross now expects annual 2026 and 2027 attributable production of approximately 1.84–1.86 million gold-equivalent ounces, 2%–3% below the low end of its prior guidance. Kinross Gold Updates Production Outlook, Raises Capital Return Target
• Negative Sentiment: The company raised its 2026 cost-of-sales guidance to approximately $1,420–$1,460 per ounce and all-in sustaining costs to $1,850–$1,900 per ounce, pressuring expected margins.
• Negative Sentiment: Operational problems at La Coipa in Chile—including severe weather, lower mining rates, weaker throughput and recovery issues—and lower mining rates, grades and recoveries at Round Mountain reduced expected output. Paracatu and Tasiast continue to perform well, and management indicated some affected ounces may be deferred rather than permanently lost. Kinross Gold shares tumble on weaker La Coipa, Round Mountain outlook
• Negative Sentiment: Multiple brokers lowered their price targets, including TD to $35, Scotia to $39, Canaccord to $47 and CIBC to $50. A shareholder-law investigation notice also added reputational and legal uncertainty, although it represents an allegation rather than a finding of wrongdoing. Kinross Gold Investigation Notice

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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