Wall Street Zen Downgrades Kinross Gold (NYSE:KGC) to Hold

Key Points

• Wall Street Zen downgraded Kinross Gold from “buy” to “hold,” although the broader analyst consensus remains “Moderate Buy,” with 11 of 14 analysts recommending Buy or Strong Buy and an average price target of $37.31.
• Kinross reported a strong quarter, with adjusted EPS of $0.71 versus the $0.66 estimate and revenue up 29.5% year over year to $2.22 billion. Free cash flow exceeded $725 million, and the company maintained its full-year outlook while declaring a $0.04 quarterly dividend.
• Near-term sentiment remains cautious because revenue slightly missed expectations and the stock trades below its 50-day and 200-day moving averages. The Lobo-Marte growth project offers significant potential, but its projected development cost has risen 67%, increasing execution and financing risks.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other research firms have also issued reports on KGC. Zacks Research lowered shares of Kinross Gold from a "hold" rating to a "strong sell" rating in a research note on Monday, July 13th. Scotiabank decreased their target price on shares of Kinross Gold from $45.00 to $41.00 and set a "sector outperform" rating for the company in a research note on Tuesday, July 14th. UBS Group lowered their price target on shares of Kinross Gold from $38.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. Freedom Capital raised shares of Kinross Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 18th. Finally, Jefferies Financial Group cut 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 research 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, Kinross Gold currently has an average rating of "Moderate Buy" and an average price target of $37.31.

Kinross Gold Stock Performance

Shares of NYSE:KGC opened at $23.08 on Friday. The company has a market cap of $27.38 billion, a P/E ratio of 8.74, a PEG ratio of 0.63 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 2.89. Kinross Gold has a one year low of $15.78 and a one year high of $39.11. The business's 50-day simple moving average is $25.26 and its 200 day simple moving average is $29.93.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly 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. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.Kinross Gold's revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. On average, sell-side analysts forecast that Kinross Gold will post 2.65 earnings per share for the current fiscal year.

Institutional Trading of Kinross Gold

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its position in Kinross Gold by 3.2% in the 4th quarter. Parallel Advisors LLC now owns 9,310 shares of the mining company's stock worth $262,000 after purchasing an additional 292 shares during the last quarter. Turning Point Benefit Group Inc. lifted its holdings in shares of Kinross Gold by 6.6% during the 4th quarter. Turning Point Benefit Group Inc. now owns 6,315 shares of the mining company's stock valued at $178,000 after buying an additional 393 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of Kinross Gold by 2.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 22,569 shares of the mining company's stock valued at $636,000 after buying an additional 473 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its stake in shares of Kinross Gold by 0.4% in the 2nd 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 buying an additional 500 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its holdings in Kinross Gold by 2.1% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,309 shares of the mining company's stock worth $629,000 after buying an additional 521 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

Key Stories Impacting Kinross Gold

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

• Positive Sentiment: Kinross reported second-quarter adjusted earnings of $0.71 per share, ahead of the $0.66 analyst consensus and up from $0.44 a year earlier. Revenue rose 29.5% year over year to $2.22 billion, while production reached 492,000 gold-equivalent ounces. Kinross Gold Q2 Earnings Surpass Estimates
• Positive Sentiment: Free cash flow exceeded $725 million in the quarter, supported by disciplined cost management and strong margins. Kinross said it returned about 40% of free cash flow to shareholders, totaling more than $600 million year to date, while maintaining its full-year outlook. Kinross Reports Strong 2026 Second-Quarter Results
• Positive Sentiment: The board declared a quarterly dividend of $0.04 per share, payable September 3 to shareholders of record August 20. The payout reinforces Kinross’ shareholder-return program, although the indicated yield is relatively modest at approximately 0.7%. Kinross Declares Quarterly Dividend
• Neutral Sentiment: Lobo-Marte remains a potentially significant growth project, with expected average annual production of roughly 350,000 ounces, estimated all-in sustaining costs near $1,000 per ounce and a projected net present value of $4.3 billion. Permitting and engineering are reportedly progressing as planned. Kinross Provides Update on Lobo-Marte Project
• Negative Sentiment: Investors may be concerned that Lobo-Marte’s projected development cost has increased 67%. Although the project’s net present value has more than tripled, the higher capital requirement raises execution, financing and cost-overrun risks. Kinross Gold’s Lobo-Marte Cost Jumps 67%
• Negative Sentiment: Quarterly revenue was slightly below the $2.24 billion consensus estimate. The stock also remains below its 50-day and 200-day moving averages, indicating that near-term sentiment is cautious even after the earnings beat.

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.

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