Zacks Research Raises Earnings Estimates for Kinross Gold

Key Points

• Zacks Research raised Kinross Gold’s Q4 2026 EPS estimate to $0.64 from $0.62, while maintaining a “Strong Sell” rating. The full-year consensus EPS estimate is $2.63.
• Kinross recently reported quarterly EPS of $0.71, beating expectations of $0.66, while revenue rose 29.5% year over year to $2.22 billion, slightly below forecasts.
• Analyst sentiment is mixed but leans positive overall: Kinross has a consensus “Moderate Buy” rating and a $38.43 target price, compared with its $29.93 share price. The company also declared a quarterly dividend of $0.04 per share.

Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K - Investment analysts at Zacks Research raised their Q4 2026 earnings per share estimates for Kinross Gold in a report issued on Wednesday, August 19th. Zacks Research analyst Team now anticipates that the mining company will post earnings of $0.64 per share for the quarter, up from their prior estimate of $0.62. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Kinross Gold's current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Kinross Gold's Q1 2028 earnings at $0.61 EPS and Q2 2028 earnings at $0.57 EPS.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.05. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same period last year, the firm posted $0.44 earnings per share. The business's revenue was up 29.5% on a year-over-year basis.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada dropped their price target on Kinross Gold from $40.00 to $39.00 and set an "outperform" rating for the company in a research note 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. UBS Group cut 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. Wall Street Zen lowered shares of Kinross Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Jefferies Financial Group lowered their price objective on shares of Kinross Gold from $41.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kinross Gold has a consensus rating of "Moderate Buy" and a consensus target price of $38.43.

Kinross Gold Stock Performance

NYSE KGC opened at $29.93 on Thursday. The firm has a 50-day moving average price of $24.97 and a two-hundred day moving average price of $29.09. Kinross Gold has a 12-month low of $18.74 and a 12-month high of $39.11. The company has a market capitalization of $35.50 billion, a P/E ratio of 11.34, a P/E/G ratio of 0.73 and a beta of 0.78. The company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.08.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Kinross Gold's dividend payout ratio is presently 6.06%.

Institutional Trading of Kinross Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KGC. Virtus Advisers LLC acquired a new position in Kinross Gold in the third quarter valued at approximately $28,000. Ascentis Independent Advisors bought a new stake in shares of Kinross Gold in the 1st quarter valued at $29,000. Caitlin John LLC lifted 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 valued at $32,000 after acquiring an additional 400 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of Kinross Gold by 85.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company's stock valued at $32,000 after acquiring an additional 589 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in Kinross Gold during the third quarter worth $38,000. Institutional investors and hedge funds own 63.69% of the company's stock.

About Kinross Gold

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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