FY2026 EPS Estimates for Kinross Gold Reduced by Scotiabank

Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K - Equities research analysts at Scotiabank dropped their FY2026 EPS estimates for shares of Kinross Gold in a report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $0.58 per share for the year, down from their prior forecast of $0.64. The consensus estimate for Kinross Gold's current full-year earnings is $0.81 per share.

A number of other equities analysts have also weighed in on KGC. StockNews.com lowered shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, CIBC upped their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $11.63.

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Kinross Gold Stock Performance

KGC stock traded up $0.29 during trading on Monday, reaching $12.49. The stock had a trading volume of 15,442,524 shares, compared to its average volume of 17,248,400. Kinross Gold has a 52 week low of $5.71 and a 52 week high of $12.61. The firm has a market cap of $15.36 billion, a PE ratio of 16.21, a PEG ratio of 0.68 and a beta of 1.29. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock's 50 day moving average is $11.32 and its two-hundred day moving average is $10.34.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold's payout ratio is 15.58%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KGC. PKO Investment Management Joint Stock Co acquired a new stake in shares of Kinross Gold during the 4th quarter worth about $5,398,000. Comprehensive Money Management Services LLC acquired a new position in Kinross Gold in the 4th quarter valued at $312,000. Polar Asset Management Partners Inc. lifted its position in Kinross Gold by 93.0% in the fourth quarter. Polar Asset Management Partners Inc. now owns 185,313 shares of the mining company's stock valued at $1,718,000 after purchasing an additional 89,313 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Kinross Gold by 21.2% in the fourth quarter. Mackenzie Financial Corp now owns 13,951,818 shares of the mining company's stock valued at $129,435,000 after buying an additional 2,438,445 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in shares of Kinross Gold during the 4th quarter worth $758,000. 63.69% of the stock is currently owned by hedge funds and other 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.