Scotiabank Decreases Earnings Estimates for Kinross Gold

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Analysts at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for Kinross Gold in a report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings per share of $3.72 for the year, down from their previous forecast of $3.76. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Scotiabank also issued estimates for Kinross Gold’s FY2027 earnings at $3.72 EPS.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Wednesday, April 29th. The company reported C$0.99 EPS for the quarter. The company had revenue of C$3.35 billion for the quarter. Kinross Gold had a return on equity of 34.63% and a net margin of 36.03%.

K has been the topic of a number of other research reports. BMO Capital Markets upped their target price on shares of Kinross Gold from C$45.00 to C$55.00 in a research report on Wednesday, April 22nd. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. National Bank Financial reduced their price target on shares of Kinross Gold from C$57.50 to C$50.00 and set an “outperform” rating on the stock in a research note on Tuesday. Jefferies Financial Group reduced their price target on shares of Kinross Gold from C$41.00 to C$38.00 in a research note on Monday, July 6th. Finally, ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price objective on the stock in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$49.29.

Kinross Gold Stock Down 1.7%

Shares of TSE:K opened at C$31.67 on Friday. The business has a 50-day moving average price of C$37.03 and a 200 day moving average price of C$41.89. The company has a current ratio of 2.84, a quick ratio of 1.11 and a debt-to-equity ratio of 8.12. The company has a market capitalization of C$37.82 billion, a price-to-earnings ratio of 13.48, a PEG ratio of -0.60 and a beta of 1.49. Kinross Gold has a 12-month low of C$20.99 and a 12-month high of C$53.57.

Insider Transactions at Kinross Gold

In other news, insider Claude J.S. Schimper sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of C$40.33, for a total value of C$604,950.00. Following the completion of the transaction, the insider owned 49,060 shares of the company’s stock, valued at approximately C$1,978,589.80. This trade represents a 23.42% decrease in their ownership of the stock. Also, insider Lucas Crosby sold 791 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$39.12, for a total transaction of C$30,943.92. Following the completion of the transaction, the insider directly owned 33,988 shares of the company’s stock, valued at approximately C$1,329,610.56. The trade was a 2.27% decrease in their position. Over the last quarter, insiders have sold 38,582 shares of company stock valued at $1,572,318. 0.26% of the stock is currently owned by corporate insiders.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.