FY2027 EPS Estimates for Kinross Gold Reduced by Scotiabank

Posted by Brenda Bartman on Sep 30th, 2026

Kinross Gold Corporation (NYSE:KGC – Free Report) (TSE:K) – Analysts at Scotiabank decreased their FY2027 earnings estimates for shares of Kinross Gold in a research note issued on Friday, September 25th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $2.42 per share for the year, down from their previous forecast of $2.69. Scotiabank currently has a “Outperform” rating and a $39.00 price target on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $2.43 per share.

Kinross Gold (NYSE:KGC – Get Free Report) (TSE:K) last posted its earnings results on Wednesday, July 29th. The mining company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. Kinross Gold’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share.

A number of other research firms have also recently weighed in on KGC. TD lowered their price objective on Kinross Gold from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Scotia reduced their target price on Kinross Gold from $41.00 to $39.00 and set a “sector outperform” rating on the stock in a research report on Thursday, September 24th. TD Securities decreased their price target on Kinross Gold from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Weiss Ratings cut Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Finally, ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.70.

Get Our Latest Research Report on KGC

Kinross Gold Price Performance

NYSE KGC opened at $24.32 on Tuesday. The firm’s fifty day simple moving average is $27.76 and its two-hundred day simple moving average is $28.18. The firm has a market capitalization of $28.80 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.62 and a beta of 0.84. The company has a current ratio of 2.89, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08. Kinross Gold has a 12-month low of $22.01 and a 12-month high of $39.11.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. Kinross Gold’s payout ratio is 6.06%.

Hedge Funds Weigh In On Kinross Gold

Hedge funds have recently made changes to their positions in the company. Andra AP fonden grew its stake in Kinross Gold by 10.0% during the 2nd quarter. Andra AP fonden now owns 867,872 shares of the mining company’s stock valued at $20,499,000 after purchasing an additional 78,900 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of Kinross Gold in the second quarter worth about $995,000. Nykredit A S acquired a new stake in shares of Kinross Gold during the second quarter worth about $10,711,000. Allianz Asset Management GmbH lifted its holdings in shares of Kinross Gold by 17.0% during the second quarter. Allianz Asset Management GmbH now owns 9,596,638 shares of the mining company’s stock worth $227,141,000 after purchasing an additional 1,395,576 shares during the period. Finally, Corient Private Wealth LP boosted its position in Kinross Gold by 2.0% in the second quarter. Corient Private Wealth LP now owns 53,928 shares of the mining company’s stock valued at $1,274,000 after buying an additional 1,064 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Kinross Gold

Here are the key news stories impacting Kinross Gold this week:

Positive Sentiment: Bank of America maintained its Buy rating on Kinross, providing continued support for the stock’s long-term outlook. Bank of America Securities Sticks to Its Buy Rating for Kinross Gold
Positive Sentiment: Kinross has benefited from higher gold prices and stronger earnings, with earnings growth substantially exceeding the prior-year period. The improvement supports cash generation, although the benefit is being tested by rising costs. Is KGC Facing Margin Risks From Higher Unit Costs in 2026?
Neutral Sentiment: Scotiabank retained an Outperform rating and a $39 price target, but lowered its FY2027 EPS forecast to $2.42 from $2.69. The target remains bullish, while the estimate reduction signals more cautious expectations. Scotiabank Has Negative View of Kinross Gold FY2027 Earnings
Negative Sentiment: Higher unit costs could pressure margins in 2026, potentially limiting the earnings benefit from elevated gold prices. Analysts are focused on whether cost inflation will outpace revenue gains. Is KGC Facing Margin Risks From Higher Unit Costs in 2026?
Negative Sentiment: A sharp gold and silver sell-off pressured Canadian miners, highlighting Kinross’s sensitivity to bullion prices and creating a broad sector headwind. Canadian Miners Slide as Gold and Silver Slump Weighs on Sector
Negative Sentiment: Scotiabank also cut its FY2026 earnings forecast, adding to concerns about Kinross’s near-term earnings trajectory. Kinross Gold FY2026 Earnings Forecast Cut by Scotiabank
Negative Sentiment: Pomerantz LLP announced an investigation into potential investor claims involving Kinross. The notice did not establish wrongdoing, but it adds legal uncertainty and may weigh on investor sentiment. Pomerantz Law Firm Investigates Claims on Behalf of Kinross Investors

About Kinross Gold

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Kinross Gold Corporation is a Canadian gold mining company headquartered in Toronto, Ontario. The company explores for, develops, and operates gold mines, with silver produced as a byproduct at certain properties. Its activities include mineral exploration, mine development, ore processing, and the sale of refined gold and other metals.

Kinross has historically operated mines across the Americas and West Africa. Its portfolio has included the Fort Knox, Round Mountain, and Bald Mountain mines in the United States; Paracatu in Brazil; Tasiast in Mauritania; and La Coipa in Chile.