Scotiabank Predicts Kinross Gold’s FY2026 Earnings (TSE:K)

Kinross Gold Co. (TSE:K – Free Report) (NYSE:KGC) – Analysts at Scotiabank decreased their FY2026 EPS estimates for Kinross Gold in a research note issued to investors on Friday, September 25th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $3.34 per share for the year, down from their previous forecast of $3.72. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Several other research firms have also weighed in on K. ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and raised their target price for the company from C$41.00 to C$45.00 in a report on Friday, July 31st. Desjardins decreased their price target on Kinross Gold from C$58.00 to C$53.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. National Bank Financial lowered their price objective on Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating on the stock in a report on Friday, July 31st. BMO Capital Markets cut their price objective on Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Finally, Jefferies Financial Group reduced their target price on Kinross Gold from C$41.00 to C$38.00 in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$47.64.

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Kinross Gold Trading Down 3.8%

Shares of TSE:K opened at C$34.11 on Monday. The stock has a market capitalization of C$40.73 billion, a PE ratio of 12.97, a P/E/G ratio of -0.60 and a beta of 1.68. Kinross Gold has a 1 year low of C$30.93 and a 1 year high of C$53.57. The firm has a fifty day moving average price of C$38.65 and a 200 day moving average price of C$39.24. The company has a current ratio of 2.89, a quick ratio of 1.11 and a debt-to-equity ratio of 7.65.

Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. Kinross Gold had a net margin of 37.56% and a return on equity of 35.91%. The business had revenue of C$3.18 billion for the quarter.

Insider Transactions at Kinross Gold

In other news, insider William D. Dunford sold 30,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of C$40.77, for a total value of C$1,223,100.00. Following the completion of the sale, the insider directly owned 27,374 shares of the company’s stock, valued at approximately C$1,116,037.98. This represents a 52.29% decrease in their ownership of the stock. Also, insider Laurence Davies sold 1,335 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total value of C$51,370.80. Following the completion of the sale, the insider directly owned 11,855 shares of the company’s stock, valued at C$456,180.40. This represents a 10.12% decrease in their ownership of the stock. Insiders sold a total of 33,338 shares of company stock worth $1,351,546 over the last three months. 0.26% of the stock is currently owned by insiders.

Kinross Gold Company Profile

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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.

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Earnings History and Estimates for Kinross Gold (TSE:K)

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