FY2026 EPS Estimates for Kinross Gold Lowered by Scotiabank

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities researchers at Scotiabank cut their FY2026 earnings estimates for Kinross Gold in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the company will earn $3.72 per share for the year, down from their previous estimate of $3.76. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Scotiabank also issued estimates for Kinross Gold’s FY2027 earnings at $3.72 EPS.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its earnings results on Wednesday, April 29th. The company reported C$0.99 earnings per share (EPS) for the quarter. Kinross Gold had a net margin of 36.03% and a return on equity of 34.63%. The business had revenue of C$3.35 billion during the quarter.

A number of other research analysts have also recently commented on the company. BMO Capital Markets increased their target price on Kinross Gold from C$45.00 to C$55.00 in a research note on Wednesday, April 22nd. National Bank Financial dropped their target price on Kinross Gold from C$57.50 to C$50.00 and set an “outperform” rating for the company in a research report on Tuesday. Freedom Capital raised Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Jefferies Financial Group reduced their price target on shares of Kinross Gold from C$41.00 to C$38.00 in a research report on Monday, July 6th. Finally, ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price objective for the company in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kinross Gold presently has a consensus rating of “Buy” and a consensus target price of C$49.29.

Kinross Gold Price Performance

Shares of TSE:K opened at C$32.23 on Friday. The company’s fifty day moving average price is C$37.26 and its 200-day moving average price is C$41.97. The company has a debt-to-equity ratio of 8.12, a current ratio of 2.84 and a quick ratio of 1.11. The firm has a market capitalization of C$38.49 billion, a price-to-earnings ratio of 13.71, a PEG ratio of -0.60 and a beta of 1.49. Kinross Gold has a one year low of C$20.77 and a one year high of C$53.57.

Insiders Place Their Bets

In other news, insider Stephen Kerrigan sold 791 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$39.12, for a total value of C$30,943.92. Following the transaction, the insider owned 84,936 shares in the company, valued at approximately C$3,322,696.32. This trade represents a 0.92% decrease in their ownership of the stock. Also, insider Lucas Crosby sold 791 shares of Kinross Gold stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$39.12, for a total transaction of C$30,943.92. Following the completion of the transaction, the insider directly owned 33,988 shares in the company, valued at approximately C$1,329,610.56. The trade was a 2.27% decrease in their ownership of the stock. Insiders have sold 38,582 shares of company stock valued at $1,572,318 in the last ninety days. Company insiders own 0.26% of the company’s stock.

About Kinross Gold

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.