Scotiabank Estimates Kinross Gold's FY2026 Earnings (TSE:K)

Kinross Gold Co. (TSE:K - Free Report) NYSE: KGC - Investment analysts at Scotiabank dropped their FY2026 earnings estimates for Kinross Gold in a report released on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings per share of $0.83 for the year, down from their previous forecast of $0.92. The consensus estimate for Kinross Gold's current full-year earnings is $1.01 per share.

K has been the subject of a number of other reports. National Bankshares raised their price objective on Kinross Gold from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$17.10.

Kinross Gold Stock Up 2.6 %

Shares of K traded up C$0.46 during mid-day trading on Monday, reaching C$17.88. The company's stock had a trading volume of 2,497,301 shares, compared to its average volume of 3,535,937. The company has a market cap of C$15.55 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The business has a fifty day moving average of C$16.24 and a 200 day moving average of C$14.55. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. Kinross Gold has a 1 year low of C$8.04 and a 1 year high of C$18.04.

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Insider Activity

In other news, Senior Officer Laurence Davies sold 10,000 shares of Kinross Gold stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of C$16.58, for a total value of C$165,800.00. Also, Director Jonathan Paul Rollinson sold 205,318 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$15.22, for a total transaction of C$3,124,939.96. In the last 90 days, insiders have sold 344,670 shares of company stock worth $5,276,336. 0.26% of the stock is owned by corporate insiders.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.67%. Kinross Gold's dividend payout ratio (DPR) is 18.84%.

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.