Scotiabank Analysts Cut Earnings Estimates for Kinross Gold

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Stock analysts at Scotiabank dropped their FY2026 earnings per share estimates for Kinross Gold in a research report issued to clients and investors 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 prior forecast of $0.92. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

A number of other analysts have also recently commented on the stock. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bankshares upped their price target on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Kinross Gold currently has a consensus rating of “Buy” and an average target price of C$17.10.

Kinross Gold Stock Up 0.5 %

Shares of Kinross Gold stock opened at C$17.55 on Monday. The stock has a market cap of C$15.26 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold has a 12 month low of C$7.70 and a 12 month high of C$17.96. The business has a fifty day simple moving average of C$16.20 and a 200 day simple moving average of C$14.51. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81.

Insider Transactions at Kinross Gold

In related news, Senior Officer Geoffrey Peters Gold sold 99,347 shares of Kinross Gold stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$15.22, for a total transaction of C$1,512,061.34. Also, Director George Vincent Albino acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of C$16.07 per share, for a total transaction of C$80,369.87. In the last three months, insiders sold 344,670 shares of company stock worth $5,276,336. 0.26% of the stock is owned by company insiders.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.68%. Kinross Gold’s payout ratio is currently 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.