Kinross Gold (NYSE:KGC) Reaches New 1-Year Low - Here's Why

Key Points

• Kinross Gold shares hit a new 52-week low, falling to $21.18 and trading below their 50-day and 200-day moving averages.
• Despite the stock weakness, third-quarter adjusted EPS of $0.50 exceeded the $0.46 analyst consensus. Revenue of $1.75 billion, however, came in below the $1.94 billion estimate.
• Kinross declared a quarterly dividend of $0.04 per share and increased its return-of-capital commitment to 50%. Analysts maintain a “Moderate Buy” consensus with an average price target of $38.06.

Kinross Gold Corporation (NYSE:KGC - Get Free Report) TSE: K reached a new 52-week low during trading on Thursday. The company traded as low as $21.18 and last traded at $21.7590, with a volume of 1,328,456 shares trading hands. The stock had previously closed at $22.98.

Key Stories Impacting Kinross Gold

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

• Positive Sentiment: Adjusted earnings exceeded expectations. Kinross reported third-quarter EPS of $0.50, above the $0.46 consensus and up from $0.44 a year earlier. The company also said it remains on track with updated guidance, is advancing grade-enhancement projects and has poured first gold at Redbird. Kinross Gold Beats Q3 Earnings Estimates
• Positive Sentiment: Capital returns remain supportive. Kinross declared a quarterly dividend of $0.04 per share, payable December 3, and said its return-of-capital commitment has increased to 50%. The company has also repurchased approximately 5% of its shares since April 2025. Kinross Reports 2026 Third-Quarter Results

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and set a $34.00 price objective on shares of Kinross Gold in a report on Friday, October 16th. Zacks Research upgraded shares of Kinross Gold from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th. Scotiabank dropped their price target on shares of Kinross Gold from $41.00 to $39.00 and set an "outperform" rating for the company in a research report on Thursday, September 24th. Scotia dropped their price target on shares of Kinross Gold from $41.00 to $39.00 and set a "sector outperform" rating for the company in a research report on Thursday, September 24th. Finally, RBC Dominion Securities set a $39.00 price target on shares of Kinross Gold and gave the stock an "outperform" rating in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.06.

Kinross Gold Stock Performance

The stock has a market cap of $25.53 billion, a PE ratio of 8.20, a P/E/G ratio of 0.74 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 1.95. The stock has a 50-day simple moving average of $26.84 and a 200-day simple moving average of $28.96.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings data on Wednesday, October 28th. The mining company reported $0.50 EPS for the quarter, topping 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 34.00% and a net margin of 37.52%. Equities analysts predict that Kinross Gold Corporation will post 2.41 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 19th. Kinross Gold's dividend payout ratio is 6.06%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Caitlin John LLC boosted its holdings in Kinross Gold by 42.1% in the second quarter. Caitlin John LLC now owns 1,350 shares of the mining company's stock worth $32,000 after purchasing an additional 400 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. increased its stake in Kinross Gold by 0.4% during the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 141,100 shares of the mining company's stock valued at $3,329,000 after purchasing an additional 500 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Kinross Gold by 80.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,355 shares of the mining company's stock worth $41,000 after purchasing an additional 605 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Kinross Gold by 6.8% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,137 shares of the mining company's stock worth $309,000 after purchasing an additional 645 shares during the period. Finally, Baron Wealth Management LLC raised its holdings in shares of Kinross Gold by 3.1% during the second quarter. Baron Wealth Management LLC now owns 21,941 shares of the mining company's stock worth $518,000 after purchasing an additional 653 shares during the period. Hedge funds and other institutional investors own 63.69% of the company's stock.

Kinross Gold Company Profile

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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