FY2026 EPS Estimates for Kinross Gold Raised by Scotiabank

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Scotiabank raised their FY2026 earnings estimates for Kinross Gold in a report released on Tuesday, October 28th. Scotiabank analyst T. Jakusconek now expects that the mining company will earn $1.99 per share for the year, up from their previous estimate of $1.33. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Wednesday, July 30th. The mining company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.33 by $0.11. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.52 billion. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The company’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share.

KGC has been the subject of a number of other research reports. TD Securities raised their price target on Kinross Gold from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Zacks Research raised Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Cormark downgraded shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday. CIBC increased their price target on shares of Kinross Gold from $22.00 to $36.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Finally, Canaccord Genuity Group increased their price target on shares of Kinross Gold from $28.00 to $29.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Four analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $27.56.

Kinross Gold Stock Performance

Shares of KGC stock opened at $23.25 on Friday. The stock has a fifty day moving average of $23.47 and a 200 day moving average of $18.45. Kinross Gold has a 52 week low of $8.99 and a 52 week high of $27.84. The firm has a market capitalization of $28.14 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 0.42 and a beta of 0.64. The company has a quick ratio of 1.45, a current ratio of 2.84 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On Kinross Gold

A number of institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its stake in shares of Kinross Gold by 18.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 130,730 shares of the mining company’s stock valued at $1,649,000 after purchasing an additional 19,987 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Kinross Gold during the first quarter valued at approximately $147,000. Sequoia Financial Advisors LLC increased its stake in shares of Kinross Gold by 10.0% during the first quarter. Sequoia Financial Advisors LLC now owns 37,056 shares of the mining company’s stock valued at $467,000 after purchasing an additional 3,373 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Kinross Gold by 35.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 159,678 shares of the mining company’s stock valued at $2,014,000 after purchasing an additional 41,481 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in shares of Kinross Gold during the first quarter valued at approximately $269,000. 63.69% of the stock is owned by institutional investors.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.