Brokers Set Expectations for Kinross Gold FY2026 Earnings

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Equities researchers at National Bank Financial upped their FY2026 earnings per share (EPS) estimates for shares of Kinross Gold in a research report issued to clients and investors on Wednesday, November 6th. National Bank Financial analyst M. Parkin now forecasts that the mining company will post earnings of $1.02 per share for the year, up from their previous forecast of $0.56. The consensus estimate for Kinross Gold's current full-year earnings is $0.69 per share.

A number of other brokerages have also weighed in on KGC. Scotiabank boosted their price objective on Kinross Gold from $9.50 to $11.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Jefferies Financial Group lifted their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Kinross Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.

Kinross Gold Price Performance

Shares of KGC stock traded down $1.02 on Monday, reaching $9.45. The company had a trading volume of 27,096,487 shares, compared to its average volume of 15,415,860. The business's 50-day moving average is $9.74 and its 200 day moving average is $8.74. Kinross Gold has a one year low of $4.75 and a one year high of $10.82. The company has a quick ratio of 0.52, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $11.61 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.12 earnings per share. The company's revenue was up 29.9% on a year-over-year basis.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. Kinross Gold's dividend payout ratio is presently 19.67%.

Institutional Investors Weigh In On Kinross Gold

Hedge funds have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new stake in shares of Kinross Gold in the 2nd quarter worth about $40,000. Bright Futures Wealth Management LLC. purchased a new stake in shares of Kinross Gold in the first quarter worth approximately $70,000. Fifth Third Bancorp lifted its holdings in shares of Kinross Gold by 3,524.4% in the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company's stock valued at $80,000 after purchasing an additional 9,375 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Kinross Gold by 113.1% during the second quarter. Blue Trust Inc. now owns 11,327 shares of the mining company's stock valued at $94,000 after buying an additional 6,011 shares during the last quarter. Finally, Corundum Trust Company INC bought a new stake in Kinross Gold during the third quarter worth $94,000. Institutional investors and hedge funds own 63.69% of the company's stock.

About Kinross Gold

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.